Bitcoin Optimism Soars in Tandem With Trump's State of the Union
Bitcoin recovered to $66,200 following recent political developments. Social data indicates the highest bullish-to-bearish commentary ratio in four weeks. We an
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😎 Bitcoin gave a glimmer of hope Tuesday, rebounding back to a high of $66.2K and boosted by President Trump's State of the Union speech. In terms of all of the social data we collect across X, Reddit, Telegram, and other platforms, this is the highest ratio of bullish vs. bearish commentary across social media in 4 weeks.
📊 Ideally, we see some retail profit taking as the week progresses. If retail FOMO remains high, and there's a consensus that "the bear cycle is ending", this can halt rallies due to the crowd's consistent history of getting crypto's price moves wrong.
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