Is Spring here? What weighted sentiments say about Bitcoin, BNB, XRP, Polkadot
As winter moves into spring, will the longer days and blooming flowers perhaps wield a positive influence on investor sentiment? Here’s what the data had to say.
Early on 13 March, Santiment released data to show what investor moods were saying about price expectations. Weighted sentiment for Bitcoin [BTC], BNB, and XRP were all positive, but still lower than 0.1. Even so, Santiment theorized that this was a signal that traders had bullish ambitions for the assets.
However, by press time, Bitcoin’s weighted sentiment had fallen back into negative territory and clocked in at -0.614.
Weighted sentiment for Bitcoin previously took a hard fall under zero when the asset’s price dropped from $44,000, showing that market uncertainty wasn’t about to end any time soon. For now, it seems that Bitcoin has many more resistance levels to shatter before jaded investors respond with euphoria.
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