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Bitcoin’s Remarkable Price Movement: Insights and Projections
The recent Bitcoin price surge has captured attention as it heads into the weekend, driven by a favorable market atmosphere over the past week. Blockchain analytics firm, Santiment, offers insights into how various investor groups are responding to the current bullish trend and what this might mean for Bitcoin’s price trajectory in the upcoming weeks.
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The Potential for Bitcoin to Surpass Six Figures
In a recent update on the social platform X, Santiment highlighted a notable shift in investor sentiment towards Bitcoin in the cryptocurrency market. This wave of optimism follows Bitcoin’s impressive climb above the $95,000 mark, a milestone not seen since February 2025.
Santiment reported a surge in enthusiasm and FOMO (fear of missing out) within the Bitcoin market, reaching unprecedented levels in 2025. The prevailing greed on social media has climbed to heights last observed during Donald Trump’s election as US President. According to on-chain data from Santiment, the ratio of positive to negative commentary on Bitcoin’s price stands at 2.1 bullish posts for every 1 bearish post, underscoring the market’s optimistic and greedy sentiment. Consequently, the analytics firm anticipates a subdued Bitcoin market over the weekend.
This anticipated slowdown in price action is attributed to retail traders who may seize the opportunity to realize profits at the current price levels. However, should retail investors choose to sell, Santiment suggests that large investors, or ‘whales,’ may step in to acquire the offloaded coins.
Santiment posits that whale buying activity could serve as a catalyst for further Bitcoin price increases, potentially propelling the cryptocurrency toward a six-figure valuation. They commented, “If retail investors sell now, believing the market has peaked, whales could step in, possibly pushing Bitcoin above $100,000 in the coming weeks.”
Additionally, Santiment suggests that reaching a local peak around current price levels may hinge on investor sentiment—specifically, the degree of fear and greed present in the crypto community—or Bitcoin’s decoupling from US equities. Thus, monitoring sentiment-related metrics could provide valuable insights into Bitcoin’s next price movement.
Current Bitcoin Price Overview
At present, Bitcoin is priced at approximately $94,546, marking an increase of over 1.5% in the past 24 hours.
The daily timeframe for BTC price shows a positive trend | Source: BTCUSDT chart on TradingView
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