{"id":22479,"date":"2025-04-17T06:16:45","date_gmt":"2025-04-17T06:16:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22479"},"modified":"2025-04-17T06:16:45","modified_gmt":"2025-04-17T06:16:45","slug":"bitcoin-online-chatter-flips-bullish-as-price-chops-at-85k-santiment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22479","title":{"rendered":"Bitcoin online chatter flips bullish as price chops at $85K: Santiment"},"content":{"rendered":"
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\"Bitcoin<\/p>\n

The tone of Bitcoin-related social media posts has flipped to bullish according to crypto analytics platform Santiment, despite Bitcoin continuing to swing around $85,000.<\/p>\n

\u201cTraders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses,\u201d Santiment said<\/a> in an April 16 X post. The last time Bitcoin (BTC<\/a>) traded above $90,000 was March 6.<\/p>\n

Traders regaining confidence in Bitcoin<\/h2>\n

Santiment\u2019s social media tracker, which measures how social media users feel about crypto based on the tone of their posts, moved into \u201cbullish territory\u201d on April 16 with a score of 1.973.\u00a0<\/p>\n

Before that it was neutral, with a score below 1.606, as social media users were unsure about where Bitcoin\u2019s price was headed as it \u201chas been repeatedly crossing above and below $85K,\u201d Santiment added.<\/p>\n

Bitcoin tapped as high as $86,000 on April 15 before retracing down to $83,000 the following day. Bitcoin is trading at $84,390 at the time of publication, according<\/a> to CoinMarketCap.<\/p>\n

\"Cryptocurrencies,
Bitcoin is up 2.73% over the past seven days. Source: <\/em>CoinMarketCap<\/em><\/a><\/figcaption><\/figure>\n

If Bitcoin reclaims the $85,000 price level, approximately $254 million in short positions will be at risk of liquidation, according<\/a> to CoinGlass.<\/p>\n

In the past 24 hours, several popular crypto accounts on X have shared bullish comments on Bitcoin. Samson Mow\u2019s firm Jan3 said<\/a> that Bitcoin hitting $500,000 \u201cisn\u2019t crazy.\u201d<\/p>\n

Crypto trader \u201cTed\u201d said<\/a>, \u201cGlobal money supply is going up, and eventually, this liquidity will go into Bitcoin. Just wait and watch.\u201d <\/p>\n

Meanwhile crypto trader Titan of Crypto said<\/a> that \u201caccording to Dow Theory, BTC remains in an uptrend, consistently printing higher highs and higher lows.\u201d<\/p>\n

Related: <\/strong><\/em>Bitcoin\u2019s wide price range to continue, no longer a \u2019long only\u2019 bet \u2014 Analyst<\/strong><\/em><\/a><\/p>\n

Other crypto sentiment trackers are not flashing as bullish, however. The Crypto Fear & Greed Index<\/a>, which measures overall market sentiment, reads a \u201cFear\u201d score of 30 out of 100.<\/p>\n

It comes after the crypto market posted its weakest first quarter performance in years<\/a>.\u00a0<\/p>\n

Bitcoin and Ether (ETH<\/a>), the two largest cryptocurrencies by market capitalization, saw price declines of 11.82% and 45.41%, respectively, over Q1 2025 \u2014 a quarter that has historically seen strong results for both assets.\u00a0<\/p>\n

Magazine: <\/strong><\/em>Your AI\u2019 digital twin\u2019 can take meetings and comfort your loved ones<\/strong><\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n