The Bitcoin value motion has been fairly excellent going into the weekend, reflecting the constructive market local weather over the previous week. Based on 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 might 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 degree 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 degree in 2025. Particularly, the extent of greed throughout varied social media platforms seems to be climbing considerably, reaching its highest degree because the election of Donald Trump as US President.
On-chain information from Santiment reveals that the ratio of constructive commentary to damaging 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 damaging value motion over this weekend is linked to the retail merchants who’re prone to ebook income across the present value. Nonetheless, if the retail traders proceed to promote their belongings, Santiment famous that the whales (giant traders) would possibly mop up the offered cash.
Based on the blockchain agency, the shopping for exercise of the whales could possibly be bullish for the Bitcoin value, pushing the market chief towards 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 possible 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 worry 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 subsequent transfer for the Bitcoin value.
Bitcoin Value At A Look
As of this writing, the worth of BTC stands at round $94,546, reflecting an over 1.5% improve prior to now 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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