Bitcoin online chatter flips bullish as price chops at $85K: Santiment

Santiment's social media analysis shows a bullish shift in Bitcoin sentiment, despite its price fluctuating near $85,000. Traders express optimism about Bitcoin surpassing $90,000, contingent on global economic and tariff news. This bullish sentiment follows a period of uncertainty as Bitcoin's price oscillated around $85,000. Santiment's social media tracker reached "bullish territory" with a score of 1.973. A Bitcoin price recovery above $85,000 could trigger liquidations of approximately $254 million in short positions. Prominent crypto accounts on X have voiced bullish predictions, some forecasting significantly higher prices. However, other sentiment indicators, like the Crypto Fear & Greed Index, remain less optimistic, showing a "Fear" score of 30. The first quarter of 2025 saw weak performance for the crypto market, with Bitcoin and Ether experiencing substantial price declines. This information is for informational purposes only and does not constitute investment advice.