Bitcoin’s social media sentiment has reached its lowest level in 2024. This could signal a recovery above $100,000 for the world’s largest cryptocurrency.

Bitcoin is trading at $97,150, down more than 10% from its December 2024 peak of $108,300. Social media sentiment is at its lowest with a ratio of four positive to five negative comments.

According to Santiment, this low sentiment suggests that Bitcoin could be on the cusp of a breakout. Historical price fractals support the possibility of a recovery above $100,000 in the short term.

How do you think Bitcoin’s future will shape up? We’re waiting for your comments.