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TechFlow reports that cryptocurrency market analysis firm Santiment stated on social media that, from a data perspective, this downturn is roughly equivalent to the drop in early July. However, there has not yet been the same level of buying enthusiasm at these lows. It is expected that key psychological levels—$60,000 for BTC or $2,900 for ETH—may be low enough to prompt traders to begin bottom-fishing.
Crypto market analysis firm Santiment said on social media that this downturn is roughly equivalent to the drop in early July based on data, but there hasn't yet been the same level of dip-buying enthusiasm. It expects key psychological levels of $60,000 for BTC or $2,900 for ETH to potentially be low enough to prompt traders to start buying the dip.
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