btcsurge

The price of Bitcoin has been on a tear in the past week, drawing positive momentum from the improving conditions of the ongoing conflict in the Middle East. On Friday, April 17, the premier cryptocurrency surged to around $77,500, reaching a new 10-week high on the day. Despite the heating price action, on-chain data suggests that there has not been a commensurate increase in investor sentiment.
Bearish Investor Sentiment Could Mean Continued BTC Rally?
In a recent post on the social media platform X, Santiment revealed that the Bitcoin market sentiment is still at an extreme low after the latest run-up toward the $77,500 level. Contrary to general expectations, the latest spurt of bullish price action did not trigger a wave of FOMO (fear of missing out) sentiment among investors.
According to data from Santiment, there are currently two bearish comments for every two bullish remarks about the world’s largest cryptocurrency. The on-chain analytics firm mentioned that retail investors are showing signs of fatigue related to the ongoing geopolitical tensions and continued ceasefire developments.
even though there is an end-of-week rally related to Trump’s latest announced ceasefire, retail appears to be taken any news with a grain of salt.
What’s interesting is that this FUD (fear, uncertainty, and doubt) and not-so-bullish investor sentiment seems to spell good news for the Bitcoin price. Typically, rallies tend to be short-lived whenever investor sentiment overheats, aligning with the market theory that prices move in the opposite direction of the crowd.
As Santiment noted in its post on X, most traders are skeptical about the continued rally of the Bitcoin price, with many confidently expecting an $84,000 top (at the very best). However, the flagship cryptocurrency could surge past this expected top, as it has often done in the past.
This also is a good sign that a rally can shoot right past the small traders’ expected outcomes, and potentially surge to $90K+; Markets nearly always move opposite to the crowd’s expectations, so avoid following the herd,” the blockchain intelligence firm said.
Santiment, however, warned that new developments can emerge, meaning that the Bitcoin price trajectory could change in a heartbeat. From fresh developments in the Middle East tensions to whether the Clarity Act proposal reaches US President Donald Trump’s desk, there are several factors to watch out for over the coming weeks.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $77,381, reflecting 3% increase in the past 24 hours.
$BTC
#BitcoinPriceTrends #BitcoinSentiment #btcsurge

10x Research’s Markus Thielen says Bitcoin is moving in $18,000 blocks and predicts it could hit $122,000 by February. Bitcoin could climb
15% from its current price within days but may then enter a phase of consolidation, says 10x Research head of research Markus Thielen.

Bitcoin   $BTC
“successfully retested its wedge breakout” after
it bounced from $98,937 up above $107,000 on Jan. 21, Thielen said in the  market report.

Breakout signals ‘low-risk, high-reward entry,’ says Thielen
Thielen said Bitcoin’s price chart breakout signals a potential “low-risk, high-reward entry opportunity.” Bitcoin is trading at
$105,727 at the time of publication, according to CoinMarketCap.

Thielen told that after Bitcoin’s price “came back” following Donald Trump’s inauguration on Jan. 20, Bitcoin tested the “upper wedge”
resistance level at around $101,000.

He said this presents a low-risk, high-reward opportunity since traders could have set stop-losses at $98,000, limiting potential
losses while allowing for significant upside.

Thielen said Bitcoin has a pattern of jumping up in “$16,000 to $18,000 increments” since the approval of spot Bitcoin exchange-traded
funds in the US a year ago, which signals that it may reach $122,000 by February, before “entering another consolidation phase.”

Rally may go higher than $122,000
Thielen added that a potential rally might not end there and “shouldt he pattern hold, Bitcoin may not only reach $122,000 but could also trade significantly above this level before retesting it as support,” Thielen said.

#BTC☀️ #btcsurge #TRUMPTokenWatch

#BTCSurge #BitcoinAlert
The global economy has struggled to make any significant movements upward in recent weeks. Whether the cryptocurrency or stock market, the US has succumbed to increased geopolitical tension and economic frailty. However, that hasn’t stopped #Bitcoin from potentially targeting $90,000 in Q2, with one factor looking to push the leading crypto upward.
The asset has underwhelmed in a big way throughout the first three months of the year. Indeed, it has been unable to recreate the six-figure increase that took place in late 2024, with the token continuously failing to break through the $85,000 mark in any notable way. That could be set to change in Q2 if these experts are correct.
#Bitcoin Eyeing Major Turnaround? Here’s Why Experts Expect It to Jump
There is no denying that the global market has seen an increased focus put on the digital asset sector. The industry has become a key part of finance across the world, with its potential never being greater than it is right now. Yet, despite that sentiment, it has failed to create any kind of upward price movement
That could be poised to change very soon. Specifically, one analysis is saying that Bitcoin could be poised to jump to a $90,000 price in Q2 for one major reason. Indeed, the asset class could be set to finally make good on its promise and soar.
According to TradingView data, China’s M2 money supply has reached a new record high. Indeed, the figure reached a $326.13 trillion landmark price point that could have major implications. Typically, an increase in this signal is a boost in liquidity in the financial system.

More liquidity usually sees increased funds put into assets that are riskier than traditional assets. This is a major benefit to the cryptocurrency market and #Bitcoin specifically. “China’s M2 money supply just hit 326 trillion. The money printers are back on. Risk assets are about to go parabolic,” one analyst stated.

“If China’s M2 keeps growing, it could give #BTC a push upwards, based on what we’ve seen before,” Brickken market analyst Emmanuel Cardozo D’Armas told BeInCrypto. “Right now, Bitcoin’s at $85,000, and if M2 keeps increasing, we could potentially see a retest of $90,000.”