The Bitcoin price action has been quite outstanding going into the weekend, reflecting the optimistic market local weather over the previous week. In keeping with blockchain analytics agency Santiment, right here’s how completely different teams of traders and market contributors are reacting to the current bullish momentum and the way it may impression value over the approaching weeks.
Can BTC Attain A New 6-Determine Excessive?
In a current publish on the X platform, Santiment revealed that there was a optimistic shift within the temper of Bitcoin traders within the crypto market. This burst of optimism got here on the again of the premier cryptocurrency’s run to above the $95,000 degree for the primary time since February 2025.
Santiment shared that the joy and FOMO (concern of lacking out) within the Bitcoin market are predictably at their highest degree in 2025. Particularly, the extent of greed throughout numerous social media platforms seems to be climbing considerably, reaching its highest degree for the reason that election of Donald Trump as US President.
On-chain information from Santiment reveals that the ratio of positive commentary to destructive commentary in regards to the Bitcoin value is 2.1 bullish posts to 1.0 bearish posts, reflecting the optimistic and grasping state of the market. Because of this, the analytics agency expects the flagship cryptocurrency to be quiet over this weekend.
Supply: @santimentfeed on X
This sluggish and probably destructive value motion over this weekend is related to the retail merchants who’re prone to ebook earnings across the present value. Nonetheless, if the retail traders proceed to promote their property, Santiment famous that the whales (massive traders) would possibly mop up the offered cash.
In keeping with the blockchain agency, the shopping for exercise of the whales might be bullish for the Bitcoin value, pushing the market leader toward a six-figure valuation. “In the event that they promote right here as a result of they suppose we’re seeing a high, whales would probably scoop up these cash and probably push Bitcoin above $100K within the subsequent 1-2 weeks,” the publish learn.
Moreover, Santiment postulates that the probability of reaching a neighborhood high across the present value is determined by the investor sentiment (the crypto crowd’s degree of concern and greed) or the decoupling of Bitcoin from the US equities market. Therefore, listening to sentiment-related metrics may assist present perception into the subsequent transfer for the Bitcoin value.
Bitcoin Worth At A Look
As of this writing, the value of BTC stands at round $94,546, reflecting an over 1.5% enhance prior to now 24 hours.
The value of BTC on the every day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our workforce of high expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
