Bitcoin has been on fire lately, and it’s got a lot of people excited as we head into the weekend. Over the past week, the energy around Bitcoin has shifted in a big way. A new update from blockchain research firm Santiment gives some insight into what’s happening — and what could come next.
Is Bitcoin About to Hit $100,000?
In a post on X (formerly Twitter), Santiment shared that Bitcoin investors are feeling more hopeful than they have in a long time. The buzz started after Bitcoin climbed past $95,000 — something we hadn’t seen since February this year.
Right now, the fear of missing out, or FOMO, is back in full swing. Santiment says greed levels are the highest they’ve been since Donald Trump won the presidency years ago. When greed runs high, it usually means people expect prices to keep rising — but it can also be a warning sign.
Their data shows that for every bearish (negative) comment about Bitcoin, there are more than two bullish (positive) ones. In simple terms, people are really optimistic right now.
That said, Santiment warns that we might see Bitcoin slow down a bit this weekend. Maybe even dip a little. A lot of smaller investors could sell their coins to lock in profits. It’s pretty normal after a strong price jump. Remember back in 2020 when Bitcoin smashed through $20,000? A bunch of folks took profits back then too — and the price pulled back before shooting even higher.
If regular investors start selling now, the big players — known as whales — might step in and scoop up Bitcoin at lower prices. That’s often a good thing for the market. Just like in early 2021 when whales buying helped push Bitcoin from $30K all the way to $60K in just a few months.
Santiment thinks if the whales start buying again, Bitcoin could blast past $100,000 in the next week or two.
They also pointed out two things to watch closely:
- How investors are feeling (is the crowd getting too greedy or nervous?)
- Whether Bitcoin keeps moving independently from the US stock market, which often impacts crypto prices.
Bitcoin Price Right Now
At the time of writing, Bitcoin is trading around $94,546, up about 1.5% in the last day.
Bitcoin has a history of surprising everyone — and if history repeats itself, we might be in for another wild ride soon.
The post Bitcoin Is Heating Up: Could It Break $100K Soon? appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
