Positive sentiment in the Bitcoin market has surged in the last two to three days to levels not seen in over a year. 🎢 Analysts warn that this could be a warning sign.

According to Santiment, the number of positive comments about Bitcoin on social media has doubled for the first time in a year. This has caused an increase in FOMO, which usually leads to short-term price spikes.

However, the market remains risky and volatile. Santiment notes that BTC will begin to test the March highs when traders begin to express fear and uncertainty again. Until then, the situation will be volatile.

IntoTheBlock and CryptoQuant also point to a lack of significant bullish momentum and a predominance of bearish sentiment since late August. The Fear and Greed Index shows that investors are still in the fear zone.