Editor's PiCK
[Analysis] "Bitcoin Optimism Spreads...Possibility of Reaching $100,000 in 1-2 Weeks"
Summary
- On-chain analysis platform Santiment emphasized that Bitcoin prices could reach $100,000 in the next 1-2 weeks.
- According to Santiment, recent Bitcoin surpassed $95,000, leading to a rapid increase in market optimism.
- It was analyzed that if individual investors sell, whales might absorb it and lead to a rise in Bitcoin prices.
An analysis has emerged suggesting that the price of Bitcoin (BTC) could reach $100,000 in the next 1-2 weeks.
On-chain analysis platform Santiment stated on the 26th (local time) via its official X account that "recently, Bitcoin has shown a rebound surpassing $95,000 for the first time since February this year, leading to a rapid increase in market optimism." Santiment noted, "(Recently) the level of greed measured across social media shows that bullish (buy) posts have overwhelmingly surpassed bearish (sell) posts since the day Donald Trump was elected President of the United States last November."
Santiment emphasized the possibility of a rise in Bitcoin prices. Santiment analyzed, "If the virtual asset market remains flat or experiences a slight correction this weekend, it could act as a signal for individual investors to realize profits," adding, "If individual investors sell, whales (large investors) could absorb the volume and push the Bitcoin price above $100,000 in the next 1-2 weeks."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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