Bitcoin Buzz: Bulls Are Back or Just Wishful Thinking? 🤔💸

So apparently, Bitcoin’s popularity on social media has taken a sharp left turn onto Bullish Boulevard, according to the crypto brainiacs at Santiment. Meanwhile, the actual Bitcoin price is just casually flirting around $85,000 like it can’t decide if it’s in or out of the party.

“Traders are suddenly all googly-eyed about BTC hitting $90K again,” Santiment tweeted on April 16—as if global tariffs and the world’s economy aren’t throwing shade all over that dream. Spoiler alert: Bitcoin last breezed past $90,000 back on March 6, which feels like ancient history in crypto time.

Trading Confidence Level: Somewhere Between ‘Uhh…’ and ‘Yay!’

Santiment’s mood ring for crypto chatter dipped into “bullish territory” on April 16 with a neat score of 1.973—basically crypto’s way of saying, “Maybe we got this?” Before that, it was all shrugs and ‘meh’ vibes (score sub-1.606), because Bitcoin was busy playing temperature check around $85K like a restless teenager pacing their room. 🧍‍♂️

On April 15, Bitcoin teased fans by peaking at $86,000, only to slump to $83,000 the very next day. At the time of writing, it’s chilling at $84,390, as CoinMarketCap keeps watch like a nervous parent.

If Bitcoin manages to bull its way back over $85,000, brace yourselves—about $254 million USD worth of short positions could blow up in flames, thanks to CoinGlass. That’s some serious popcorn-worthy drama. 🍿🔥

Meanwhile, the crypto Twitterverse is buzzing with bullish hot takes. Samson Mow’s crew at Jan3 reckons $500,000 Bitcoin “isn’t crazy.” Sure, Samson, why not dream big? 🚀

Trader “Ted” philosophizes, “Global money supply is going up, and eventually, this liquidity will flow into Bitcoin.” Translation: HODL tight, my friends. 😎

And then there’s Titan from Crypto, channeling the ancient wisdom of Dow Theory, assuring us BTC is on an “uptrend” with fancy-sounding “higher highs and higher lows.” Sounds legit, Titan. We’re all counting on those vibes.

Of course, not everyone’s popping champagne just yet. The Crypto Fear & Greed Index spits out a “Fear” score of 30/100, aka, cautious optimism with a dash of dread.

This comes after the poor crypto market had its worst first quarter in ages. Bitcoin and Ether took a nosedive with Q1 losses of 11.82% and a heart-stopping 45.41%, respectively—making this dreary quarter the anti-climax of 2025 so far. Oof.

Read More

2025-04-17 09:11