Posted 1/4/2024, 12:38:00 PM
Social Media Chatter Spikes 'Buy the Dip' for Bitcoin After 5% Price Drop
- Social media chatter leaned bullish as "buy the dip" mentions spiked after bitcoin's 5% price drop
- Over 300 "buy the dip" mentions tracked across Telegram, Reddit, etc., highest since March 2022
- "Buy the dip" a famous crypto narrative to purchase when prices fall, signals bullish sentiment
- Historically "buy the dip" spikes have marked deeper future pullbacks in bitcoin's price
- Bitcoin recovered to $43,200 at press time, up 0.8% on the day