Bitcoin Bulls Surge Amidst Price Volatility

Despite recent price fluctuations around the $85,000 mark, traders are once again expressing bullish confidence in Bitcoin. On-chain analytics firm Santiment reveals a significant shift in social media sentiment, recording a score of 1.973 on April 16th – marking a marked change from neutral levels just days earlier. This optimism is attributed to growing trader confidence regarding Bitcoin’s potential to reach the $90,000 milestone previously seen in March. However, price action remains volatile, with BTC fluctuating between $86,000 and $83,000 in recent days. Currently trading at approximately $84,390 per CoinMarketCap data, this volatility has fueled speculation about a potential breakout above $85K.