On-chain analytics platform Santiment highlighted important signals that cryptocurrency traders should pay attention to in a post on August 9. Analysts noted that Bitcoin has surged 25% in the last three days to over $62,000, and that many investors were caught off guard by the surge.
According to Santiment, the market's strongest bullish signals will come when Bitcoin reaches the $70-75,000 band and Ethereum reaches the $3-3,500 band. Once these levels are reached, market excitement is expected to increase and the uptrend will move to a different dimension. Increasing interest and interaction on social media are also considered among the important indicators of this movement.
