Bitcoin Price Slumps: Is This the Time for Bulls to Buy?
Bitcoin's price has taken a hit, dipping to a 5-week low of $63,700! But, contrarian bulls might see this as an opportunity to buy. According to Santiment, crowd sentiment is in its 4th week of "extreme negative" reading, which historically leads to bounces that reward the patient.
Additionally, Google Trends shows a decline in retail search interest for Bitcoin, and outflow activity from US-listed spot ETFs has reached its worst since late April. Some traders expect the price to reach $60,000 in the near-term, but the long-term outlook remains bullish!
Will you be buying the dip? Let me know! #Marketsentimentstoday #CryptoMarkets #Investing
