- Bitcoin sentiment score rose to 1.973 on April 16, signaling renewed trader optimism.
- Bitcoin briefly hit $86,000 on April 15, now trading near $84,754 with 1.69% gains.
- Traders eye $90,000–$95,000 targets, but futures sentiment hovers weakly around 0.4 support.
Social chatter around Bitcoin has turned sharply bullish, even as the world’s top cryptocurrency continues to float near $85,000. Traders online are placing their bets on a rebound, hoping for a fresh rally toward $90,000. On April 16, Santiment, a crypto analytics platform, reported that Bitcoin-related posts have become bullish again.
“Traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses,” Santiment said in an April 16 X post. The last time it touched the $90,000 mark was back on March 6.
The shift in tone was tracked using Santiment’s sentiment score, which hit 1.973 on April 16, pushing into bullish territory. The platform considers anything below 1.606 to be neutral or uncertain. This recent change signals a stronger belief among traders that the tide may be turning.
Bitcoin Break Above $86K Could Trigger Rally
Bitcoin’s price briefly jumped to $86,000 on April 15 before sliding back to $83,000 just a day later. By April 17, it was trading around $84,754, with a 1.69% increase over the previous 24 hours, based on CoinMarketCap data.
The technical landscape is also gaining momentum. Crypto trader Captain Faibik pointed out that Bitcoin bulls are struggling to push past the daily EMA50 level at $85,300. A breakthrough above that mark is needed to revive bullish momentum, he suggested.
Meanwhile, another trader, MaBrown, noticed Bitcoin had broken out from a trendline and predicted a pump toward the $90,000 zone. Supporting this view, well-known analyst Ali Martinez mentioned the TD Sequential just flashed a buy signal on its weekly chart. According to Martinez, “A sustained close above $86,000 could open the door to $90,000 or even $95,000.”
Derivatives Show Signs of Strain
Despite the visible excitement, a CryptoQuant contributor, abramchart sounded a cautionary note in a post titled “Weakening Futures Sentiment Signals Caution Amid Bitcoin Rally.” According to him, the futures sentiment hasn’t kept pace with the price surge.
Between November 2024 and early 2025, Bitcoin experienced a strong rally, but market sentiment didn’t keep pace. The sentiment index peaked early in the run and has been drifting lower ever since. It’s now lingering near the 0.4 support level, suggesting traders might be locking in profits or sitting on the sidelines amid uncertain global signals.
The sentiment index has a known range, often topping out near 0.8 and finding support close to 0.2. A drop toward support could signal more consolidation ahead, especially if there’s no major news to push Bitcoin higher.
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