<ul data-eligibleForWebStory="true"><li>Retail sentiment around Bitcoin has turned highly optimistic, reaching levels not seen since November 2024 amid the cryptocurrency nearing its all-time high near $112,000.</li><li>Data from Santiment shows a significant increase in positive Bitcoin-related social media comments, with a ratio of positive to negative mentions at 2.1 to 1, the most favorable in over seven months.</li><li>As of June 11, Bitcoin's price stands at $109,744, with traders closely monitoring the crucial level near $112,000 for a potential breakout.</li><li>The rise in social sentiment, including a notable increase in bullish references, indicates a growing belief in the cryptocurrency's upward potential.</li><li>Analysts suggest that surpassing the $112,000 mark could spur renewed buying interest from both retail and institutional investors.</li></ul>

Bitcoin Sentiment Hits 7-Month High as $112,000 Looms

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