Bitcoin bulls are roaring back as BTC flirts with $112K

Bitcoin sentiment on social media has reached its highest point in seven months as Bitcoin has been flirting again with its all-time high.

Bitcoin’s several breakouts past $110,000 this week have pushed bullish market sentiment to a seven-month high, which was last seen during US President Donald Trump’s election win.

As of June 11, there are 2.12 positive Bitcoin comments for every negative comment on social media, crypto analytics platform Santiment said in a June 11 X post. 

This is the highest ratio since Nov. 6, the day after Trump won the presidential election, when Bitcoin surpassed $70,000 for the first time.

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