Samson Mow’s firm Jan3 said that Bitcoin hitting $500,000 “isn’t crazy.”Crypto trader “Ted” said, “Global money supply is going up, and eventually, this liquidity will go into Bitcoin.Just wait and watch.” Meanwhile, crypto trader Titan of Crypto said that “according to Dow Theory, BTC remains in an uptrend, consistently printing higher highs and higher lows.”Related: Bitcoin’s wide price range to continue, no longer a ’long only’ bet — AnalystOther crypto sentiment trackers are not flashing as bullish, however.
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.“Traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses,” Santiment said in an April 16 X post.
Traders regaining confidence in BitcoinSantiment’s social media tracker, which measures how social media users feel about crypto based on the tone of their posts, moved into “bullish territory” on April 16 with a score of 1.973. Before that, it was neutral, with a score below 1.606, as social media users were unsure about where Bitcoin’s price was headed as it “has been repeatedly crossing above and below $85K,” Santiment added.
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Author / Journalist: Cointelegraph by Ciaran Lyons
The story "Bitcoin online chatter flips bullish as price chops at $85K: Santiment" has 427 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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