Bitcoin Social Sentiment Index has reached a nearly 4-year low, and the 200-week moving average indicates that the Bitcoin bottom is at $58,000.

BlockBeats News, February 7th, according to analyst @alicharts citing Santiment data, the Bitcoin social sentiment index has reached a nearly 4-year low, indicating retail investor panic has peaked.

Additionally, from a technical perspective, Bitcoin has approached the 200-week moving average (currently around $58,000), a line that has historically served as a bear market bottom and accumulation zone over the past 12 years.