The sentiment around Bitcoin has dropped from a 'heated romance' to 'a bit cold'!
The advanced sentiment index has fallen to 46%, down from a passionate 80% at the beginning of June. Although the price has slightly rebounded to 105,000, there is no volume, no buying interest, and no excitement; even the open interest is stagnating.
Want to see another rise? It needs to rely on rekindling sentiment to over 60%, otherwise Bitcoin might go to 102,000 to find some warmth.
On the road to a bull market, sentiment is the true engine!
