Bitcoin Sentiment Turns Bullish as $90K Looms: Is the Next Rally Here?
Bitcoin sentiment on social media has flipped bullish as BTC hovers around $85,000.
According to blockchain analytics firm Santiment, its sentiment tracker recorded a shift in Bitcoin-related social media sentiment from neutral to bullish on April 16, with a jump from a score of 1.606 to 1.973.
That reflects increasing optimism that BTC could reclaim the psychologically significant $90,000 level.
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In an April 16 post on X, Santiment noted: “Traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses.”
What’s Driving the Bullish Bitcoin Sentiment?
Bitcoin is currently trading at $84,390, per the Ecoinimist Markets page, after briefly touching $86,000 on April 15 and retracing to $83,000 the next day.
Despite these swings, BTC is still up 2.73% over the past seven days, lending some technical support to bullish sentiment.
According to data from CoinGlass, if Bitcoin reclaims and holds above the $85K mark, approximately $254 million in short positions could be liquidated — a scenario that could trigger a short squeeze and accelerate the price rally.
High-profile voices in the crypto space are also contributing to the positive Bitcoin sentiment. Samson Mow, CEO of Jan3, reaffirmed his long-term outlook, saying that a $500,000 price target for Bitcoin “isn’t crazy.”
Trader Ted noted that rising global liquidity will eventually flow into BTC, while Titan of Crypto referenced Dow Theory, pointing to Bitcoin’s consistent pattern of higher highs and higher lows as evidence of an ongoing uptrend.
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However, not all indicators are aligned with this bullish shift in Bitcoin sentiment. The Crypto Fear & Greed Index remains in “Fear” territory with a score of 30 out of 100, suggesting lingering caution among broader market participants.
Crypto Fear and Greed Index (Source: alternative.me)
Analysts note that Bitcoin’s near-term trajectory will be influenced by macroeconomic developments — including interest rate policies, inflation data, and global geopolitical risks.
A Weak Q1 Sets the Stage for a Possible Q2 Recovery
The recent surge in Bitcoin sentiment comes on the heels of one of Bitcoin’s weakest first-quarter performances in years.
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Despite historical Q1 strength, Bitcoin fell 11.82% and Ethereum dropped 45.41% during the first three months of 2025 — declines that shook confidence across the crypto market.
Still, with positive momentum building and influential voices reinforcing bullish narratives, Bitcoin may be poised for a stronger second quarter — if it can overcome the $90K resistance and withstand external economic pressures.
