Bitcoin Sentiment Bullish as Analysts Eye $125K Breakout
Bitcoin sentiment has shifted to bullish after a 1% price rise to $114,298. The Crypto Fear & Greed Index climbed to 62, signaling a return to “Greed” among investors. Analysts predict that this market stability may fuel a bullish breakout toward $125,000, with potential liquidations exceeding $18 billion.
Onchain data from Glassnode shows cooling profit-taking among short-term holders. Market commentators like Michael van de Poppe and crypto trader Galaxy anticipate consolidation at current resistance levels before a surge. Ether (ETH), XRP (XRP), and Solana (SOL) have also posted gains, reinforcing broader crypto market strength. Traders should monitor key indicators such as the Crypto Fear & Greed Index, resistance tests, and liquidation triggers to navigate this bullish phase.
Bullish
The shift to bullish sentiment reflects investor confidence after Bitcoin’s 1% gain to $114,298 and the Crypto Fear & Greed Index returning to “Greed.” Historically, similar sentiment spikes have preceded major rallies, such as late-2020’s climb from around $70,000 to $100,000. Analysts’ $125,000 target and forecasts of $18 billion in liquidations point to strong upside potential.
Onchain data from Glassnode shows reduced profit-taking among short-term holders, indicating a stable support base. Consolidation at resistance suggests accumulation before a breakout. Concurrent gains in ETH, XRP, and SOL reinforce bullish market breadth. Short-term traders may see heightened volatility around key levels, while long-term investors could ride a sustained uptrend if these indicators hold.