How does social media sentiment influence Bitcoin’s price movements?

Social media platforms like Twitter, Reddit, and TikTok play a significant role in shaping Bitcoin’s market trends. Positive sentiment, such as endorsements from influential figures like Elon Musk, can lead to price surges. Conversely, fear-driven discussions, misinformation, or negative news can cause sell-offs. Traders use sentiment analysis tools to gauge market emotions and predict Bitcoin’s next moves. Keeping track of price changes influenced by social media trends is easier with real-time updates from btc price live.