In accordance with CoinTelegraph, Bitcoin's social sentiment has reached its lowest point in 2024, which may indicate a potential recovery above the $100,000 mark. Currently, Bitcoin's price is down over 10% from its all-time high of $108,300, trading at $97,150 as of 12:38 pm UTC. Market intelligence platform Santiment suggests that the low sentiment could signal an incoming breakout. Analysts anticipate an end to Bitcoin's correction under $100,000, with historical chart patterns indicating a possible recovery before the end of 2024. Additionally, improving macroeconomic conditions could push Bitcoin's price above $160,000 by the end of 2025, according to Matrixport.
Bitcoin Sentiment Hits 2024 Low, Potential Breakout Above $100K
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