After dropping from the $102,000 price level earlier this week, Bitcoin continues to struggle to initiate a rebound toward the $100,000 mark. Its weak performance is attributed to a broader bearish action in the general crypto market. However, retail investors’ interest in the flagship asset has increased significantly during this volatile period.

Retail Interest In Bitcoin Sees Sharp Growth

Bitcoin’s price has been moving in a negative direction in the past few days. Nonetheless, retail sentiment has been showing a positive trend over the same period. Leading market intelligence and on-chain data firm Santiment reported the positive advancement in a recent post on the X (formerly Twitter) platform.

Santiment highlighted that retail sentiment about Bitcoin remains high even as the crypto asset drops by about 11% from its all-time high of $109,000 on January 20. This suggests that smaller investors are increasingly accumulating BTC, even as its price undergoes periods of consolidation and fluctuations.

With retail sentiment and interest holding strong, the development could set the stage for BTC’s next major move to its current all-time high since it can translate into renewed buying pressure. If strong enough, it might trigger a rebound from the current price consolidation.

These retail participants mai

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Author: Godspower Owie