Analysts from the Santiment platform reported that bullish sentiment among small retail investors remains intact, while large Bitcoin whales show no desire to take profits. Despite macroeconomic uncertainty, for every negative comment on social media about the state of the Bitcoin market, there are at least two positive ones, Santiment stated. “Bitcoin came close to its all-time high of $112,000 — and retail investor sentiment continues to maintain a bullish outlook,” the experts said. Most large holders of the leading cryptocurrency have not changed their strategy and are likely waiting for Bitcoin prices to rise and the market to overheat, analysts believe.

Traders are confident that a rally is probable if the leading cryptocurrency can hold the important support level of $100,000. Bitcoin once again demonstrated the ability to quickly recover even amid political uncertainty, Santiment specialists concluded. Earlier, researchers from Coinbase Institutional named the growing popularity of corporate reserves in the leading cryptocurrency as both the main trend and a risk for the Bitcoin market.