Employees of the research company Santiment Found out, that discussions about buying cryptocurrencies at the bottom have reached a multi-month apotheosis.
On December 20, after Bitcoin fell to $95,500, discussions about investing in digital assets while their price remains low increased to a record high since April 12, 2024. This fact suggests that members of the crypto community are preparing to stock up on coins and are waiting for the right moment.
The last time such enthusiasm for buying cryptocurrencies at the bottom was observed after the collapse of the digital asset value on August 4. Since then, the level of Bitcoin capitalization has increased by 81%, - noted the employees of Santiment.
In early August, when people started talking about investing in digital assets, Bitcoin fell by 29%, and in April this topic became of interest to many traders after the BTC price dropped by 20%. During the dump that began on December 17, the coin lost 12% in price. Accordingly, drawing an analogy, it can be assumed that market participants will not actively buy the cryptocurrency until it falls in price to at least $87,000.
The bull run should continue after the dump because searches for the keyword “crypto” remain high. In addition, Google users often search for articles on the topic of “buy the dip.”
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