The Bitcoin price action has been quite outstanding going into the weekend, reflecting the optimistic market local weather over the previous week. In accordance with blockchain analytics agency Santiment, right here’s how completely different teams of traders and market members are reacting to the latest bullish momentum and the way it might impression worth over the approaching weeks.
Can BTC Attain A New 6-Determine Excessive?
In a latest put up 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 stage for the primary time since February 2025.
Santiment shared that the thrill and FOMO (concern of lacking out) within the Bitcoin market are predictably at their highest stage in 2025. Particularly, the extent of greed throughout varied social media platforms seems to be climbing considerably, reaching its highest stage for the reason that election of Donald Trump as US President.
On-chain knowledge from Santiment reveals that the ratio of positive commentary to damaging commentary in regards to the Bitcoin worth is 2.1 bullish posts to 1.0 bearish posts, reflecting the optimistic and grasping state of the market. In consequence, the analytics agency expects the flagship cryptocurrency to be quiet over this weekend.
Supply: @santimentfeed on X
This sluggish and doubtlessly damaging worth motion over this weekend is linked to the retail merchants who’re more likely to e book earnings across the present worth. Nevertheless, if the retail traders proceed to promote their belongings, Santiment famous that the whales (giant traders) would possibly mop up the offered cash.
In accordance with the blockchain agency, the shopping for exercise of the whales could possibly be bullish for the Bitcoin worth, 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 prime, whales would possible scoop up these cash and doubtlessly push Bitcoin above $100K within the subsequent 1-2 weeks,” the put up learn.
Moreover, Santiment postulates that the probability of reaching a neighborhood prime across the present worth will depend on the investor sentiment (the crypto crowd’s stage of concern and greed) or the decoupling of Bitcoin from the US equities market. Therefore, taking note of sentiment-related metrics might assist present perception into the following transfer for the Bitcoin worth.
Bitcoin Worth At A Look
As of this writing, the worth of BTC stands at round $94,546, reflecting an over 1.5% enhance previously 24 hours.
The value of BTC on the day by day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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