Per santimentfeed data, social platforms' sentiment has been dictating bullish and bearish crypto price action in October Bitcoin
The data is not surprising as market sentiment has been noted to have a strong effect on crypto, as Santiment data shows.
Although they usually follow the pattern of bullish sentiments triggering fear of missing out that leads to price spikes; bearish sentiments lead to fear, uncertainty, and doubt which is accompanied by dips. With the reversal of the roles the sentiments play in the market, Bitcoin might be poised for a surge.
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