Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 100679
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Moralis Money
Market Cap
24h Vol
13284
Cryptocurrencies
62.39%
Bitcoin Share
The Coin Rise 2025-04-17 11:08:51

Bitcoin Sentiment Turns Bullish Despite Price Jitters Around $85K

Bitcoin Sentiment Turns Bullish Despite Price Jitters Around $85K

Traders and enthusiasts are once again leaning bullish on Bitcoin, despite the world’s largest cryptocurrency seesawing around the $85,000 mark. According to on-chain analytics firm Santiment, social media chatter has flipped from neutral to decisively optimistic, with a sentiment score of 1.973 recorded on April 16. This change in tone is notable, considering that just days earlier, the sentiment hovered below 1.606 — a zone interpreted as neutral. BTC price action has been volatile of late, swinging from $86,000 on April 15 to as low as $83,000 the next day. At the time of writing, BTC is trading at approximately $84,390, per CoinMarketCap data. Surging Bullish Sentiment on Bitcoin Santiment attributes the surge in bullish sentiment to growing trader confidence in Bitcoin’s ability to reclaim the $90,000 level , last seen on March 6. “Optimism is rising, though this next leg up may hinge on macroeconomic triggers like tariffs and global economic shifts,” Santiment wrote on X. If Bitcoin can decisively move back above $85K, it may set off a cascade of liquidations—an estimated $254 million in short positions could be wiped out, according to data from CoinGlass. This possibility alone could provide the kindling for a rapid upward move, especially in a market prone to exaggerated swings. Analysts Optimistic Notably, several influential voices on X have joined the chorus of optimism. Jan3, led by long-time Bitcoin advocate Samson Mow, reaffirmed its $500,000 BTC prediction, saying the figure is no longer far-fetched. Trader “Ted” pointed to a rising global money supply as a catalyst for inevitable Bitcoin inflows, while Titan of Crypto cited the Dow Theory to emphasize that BTC remains in a technical uptrend, making higher highs and higher lows. However, not all indicators are flashing green. The Crypto Fear & Greed Index currently sits at a modest 30, still in “Fear” territory. This disparity between on-chain sentiment and broader market psychology hints at an uneasy optimism—hopeful, but cautious. The recent gains also arrive on the heels of a disappointing first quarter for the crypto . Both BTC and ETH posted sharp losses, with Ether falling over 45% and Bitcoin shedding nearly 12%—uncharacteristically poor performances for what has historically been a strong quarter. The post Bitcoin Sentiment Turns Bullish Despite Price Jitters Around $85K appeared first on TheCoinrise.com .

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
Bitcoin Share
79
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.