Bitcoin (BTC) price traded near $84,500 today, Apr. 17, with bulls reclaiming momentum after last week’s volatility.
Traders now brace for a potential $90,000 breakout, which could liquidate over $7 billion in short positions, according to Coinvo.
BTC has rebounded after briefly dipping to $80,000 in early April. At press time, BTC is up 3.41% weekly and 0.53% over the past 24 hours.
Social Sentiment Flips Bullish Amid Range-Bound Action
Bitcoin’s recent rally has coincided with a shift in trader sentiment. According to crypto analytics firm Santiment, social media activity on Apr. 16 flipped into “bullish territory” for the first time in weeks.
Bullish sentiment spikes as Bitcoin nears $85K. Source: Santiment/X
The platform’s sentiment tracker scored 1.973, up from a neutral range below 1.606. Bitcoin had tapped $86,000 before retracing to $83,000, with traders eyeing a reclaim of the $85,000 level. Santiment noted,
“Traders are showing optimism that BTC
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