The Bitcoin price action has been quite outstanding going into the weekend, reflecting the optimistic market local weather over the previous week. In line with blockchain analytics agency Santiment, right here’s how totally different teams of buyers and market members 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 put up on the X platform, Santiment revealed that there was a optimistic shift within the temper of Bitcoin buyers 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 because the election of Donald Trump as US President.
On-chain knowledge from Santiment exhibits that the ratio of positive commentary to destructive commentary concerning the Bitcoin value 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 destructive value motion over this weekend is related to the retail merchants who’re more likely to guide earnings across the present value. Nonetheless, if the retail buyers proceed to promote their belongings, Santiment famous that the whales (massive buyers) may mop up the offered cash.
In line 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 prime, whales would doubtless 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 an area prime across the present value will depend on the investor sentiment (the crypto crowd’s degree 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 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 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
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