Bitcoin Bulllyness hits a 7-month high level

A few Bitcoin breakthroughs have passed $ 110,000 this week, pushed mood stubbornly on the market to a seven -month level, which was recently seen during the victory of US President Donald Trump.

From June 11, there are 2,12 positive Bitcoin comments for each negative comment on social media, Santiment Platform Analytics Crypto Analytics he said In a post of June 11.

This is the highest indicator from November 6, the day after winning the presidential election, when Bitcoin was the first time exceeded $ 70,000.

Bitcoin retail interest remains behind, and the escalate in Bitcoin prices was attributed to institutional and national adoption. A positive change in retail moods can be an additional benefit for Bitcoin.

Santiment data for June 11 equalized 504.54 Bitcoin comments positive, and 237.71 comments were negative, which is an indicator 2.12. Santiment follows Bitcoin market moods on X, Reddit, Telegram, 4Chan, Bitcoin Talk and Farcaster.

Source: Single

The escalate appears when Bitcoin has cut $ 110,000 several times over the past week, and Santiment noticed that “retail has become stubborn.”

Bitcoin currently costs USD 108,635, which is 3% compared to the highest level of USD 112,000 on May 22, TradingView data can be seen.

Bitcoin market sentiment in the “greed” zone

Data from the Crypto Fear & Greed index are also stubborn, winning the current market moods 71 in 100, in the “greed” zone.

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However, the current result is far from 94 to 100, achieved on November 22, four -year Maksa, which appeared as a result of Trump’s elections, and Bitcoin increased rapidly from the lowest level of 67,200 USD to 99,250 USD (until November 22).

*Crypto Fear & Greed index result. Source:* *Alternative.me*

Google Trends Data paints another picture

However, interest in searching Google “Bitcoin” still shows that retail interest has not returned.

Currently, it shows a score of 32 out of 100 compared to the highest point in the last 12 months, on November 10-16, when Bitcoin exploded 18.6%to violate the 90,000 USD barrier for the first time.

It also shows a result of 19 out of 100 compared to the end of 2017, when interest in searching Bitcoins has reached the highest point in history.

*Google search engaging “Bitcoin” over the past 12 months. Source:* *Google trends*

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