The Bitcoin price action has been quite outstanding going into the weekend, reflecting the constructive market local weather over the previous week. In response to blockchain analytics agency Santiment, right here’s how totally different teams of buyers 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 constructive 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 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 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 exhibits that the ratio of positive commentary to adverse 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. In consequence, the analytics agency expects the flagship cryptocurrency to be quiet over this weekend.
Supply: @santimentfeed on X
This sluggish and probably adverse value motion over this weekend is linked to the retail merchants who’re more likely to e book 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 bought cash.
In response to 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 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 chance of reaching a neighborhood high across the present value will depend on the investor sentiment (the crypto crowd’s degree 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 following 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 previously 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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