Bitcoin's Pre-Halving Dip Sparks Bearish Sentiment, But Price Bounce Expected

Social media metrics indicate a shift in sentiment towards a bearish outlook on Bitcoin's price trajectory, with a decline in "bull market" mentions and an increase in "bear market" mentions. This shift suggests that the current sell-off may soon lose momentum. Other keywords like "buy the dip" also indicate fading hopes of a quick recovery. Factors such as dwindling probability of Federal Reserve interest-rate cuts, heightened geopolitical tensions, and timing for U.S. tax payments have contributed to Bitcoin's recent 14% price slide. Despite the upcoming mining reward halving, which may lead to a deeper price slide according to some analysts, the long-term consensus remains bullish.