Based on “social sentiment data, strengthening fundamentals and on-chain analysis,” the digital asset was already up nearly 7% in the week of Monday, Oct. 5 to Monday, Oct. 12.
Data from TheTie, which measures social media sentiment, shows Bitcoin recently reached a score of 62.4, according to the October 14th article. Anything over 50 implies positive sentiment. Profit taking and regulatory crackdowns, though, could derail a bull run.