Santiment Predicts the Level Bitcoin Could Reach by the End of April

As the final week of April approaches, cryptocurrency markets are showing signs of a significant recovery.

In their latest analysis, Santiment analysts examined the current state of Bitcoin and altcoins, as well as their expectations for the end of the month.

Santiment analysts are particularly focusing on the behavior of large-scale whales. Data shows a significant inflow in recent weeks from wallets holding 10,000 BTC or more. This is interpreted as a sign that current price levels are being seen as an “accumulation area” by large players.

One of the most striking points in the analysis was market sentiment as measured through social media. Analysts note that individual investors (small investors) have not yet fully succumbed to “FOMO” (fear of missing out), which is a positive signal regarding the sustainability of the rally. Historically, they add, “quiet recoveries” have been more lasting than excessive market euphoria.

Technical analysis and liquidity data reveal that the $78,000-$80,000 range is the biggest short-term hurdle for Bitcoin. In particular, leveraged short positions in derivatives markets are concentrated in the $72,000-$73,500 region, and a break above this level could trigger a “short squeeze.” Analysts predict that this momentum could propel Bitcoin to the $85,000 level before the end of April.

*This is not investment advice.