The Bitcoin price action has been quite outstanding going into the weekend, reflecting the constructive 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 members 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 constructive 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 stage for the primary time since February 2025.
Santiment shared that the thrill and FOMO (worry of lacking out) within the Bitcoin market are predictably at their highest stage in 2025. Particularly, the extent of greed throughout numerous social media platforms seems to be climbing considerably, reaching its highest stage because the election of Donald Trump as US President.
On-chain information from Santiment exhibits that the ratio of positive commentary to detrimental commentary concerning the Bitcoin value is 2.1 bullish posts to 1.0 bearish posts, reflecting the optimistic and grasping state of the market. Consequently, the analytics agency expects the flagship cryptocurrency to be quiet over this weekend.
Supply: @santimentfeed on X
This sluggish and probably detrimental value motion over this weekend is related to the retail merchants who’re prone to e-book income across the present value. Nevertheless, if the retail traders proceed to promote their belongings, 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 may very well 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 assume we’re seeing a high, whales would doubtless 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 relies on the investor sentiment (the crypto crowd’s stage of worry 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 worth of BTC stands at round $94,546, reflecting an over 1.5% improve up to now 24 hours.
The worth of BTC on the each day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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