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Santiment: This Bitcoin drop is an opportunity to buy at a low price, the narrative turns bullish

Santiment: This Bitcoin drop is an opportunity to buy at a low price, the narrative turns bullish

Bitget2024/10/11 05:06

cryptocurrency market research firm Santiment posted on social media that Bitcoin touched $58,900 in the early hours of today, marking a three-week low. However, market data shows that traders view this decline as a buying opportunity and the narrative is turning bullish. In addition, U.S. CPI data met expectations and the market still expects a 25 basis point rate cut in November.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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