The BTC price has failed to hit a new all-time high in over three months, even after the Bitcoin halving in April.
Santiment data indicates that trader sentiment was most bullish at the beginning of April in the lead-up to the Bitcoin halving. On the other hand, the number of bearis bullish crowd calls. Santiment said the decline in trader euphoria around Bitcoin is a potential bottom signal.A bottom signal indicates an impending market trend reversal. When an asset is undervalued or trading at its lowest point, investors frequently view a bottom as an opportunity to buy it. From a technical analysis point of view, the lowest level of support for the asset is referred to as the bottom.
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