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Bitcoin's price rise meets weak investor enthusiasm, hinting at an early bull market phase.

Market News
27 Oct 2026, 21:40 WIB
Tokenpost
View Source
Bullish
Bitcoin's price rise meets weak investor enthusiasm, hinting at an early bull market phase.

Bitcoin's price has recovered despite ongoing macroeconomic uncertainty, but investor enthusiasm remains low, signaling a possible early stage of a bull market. Michael Sullivan of Bitcoin Sentiment Weekly notes that while prices have climbed since mid-2023 lows, excitement, conviction, and desire among investors are still depressed, resembling conditions from 2015 rather than recent downturns. This subdued sentiment combined with price gains suggests skepticism and a 'disbelief rally,' where investors are not yet convinced the recovery will last. Sullivan also highlights the emerging link between Bitcoin and AI, and believes Bitcoin's integration with traditional finance could support its growth regardless of economic conditions.

Bitcoin rebound is noted alongside Pluang's market breadth where 28 of 50 major cryptocurrencies rose and 21 fell as of Oct 28, 2026 01:52 WIB. For readers following the crypto sector, here is Pluang's market snapshot: FTM (Fantom) priced at Rp11.382 with a 1-day change of -2.05%, THETA (Theta Network) at Rp3.236 with 100% sell order activity and a 1-day change of -2.03%, and FIL (Filecoin) at Rp16.166 with 42% sell and 58% buy order activity and a 1-day change of -2.00%.

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