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Bitcoin at $78,000, Santiment Forecasts Move Above $90,000
The cryptocurrency market showed a strong upward impulse at the end of the week. According to Santiment, Bitcoin (BTC) reached its highest level in the past 11 weeks amid easing geopolitical tensions.
Investor optimism was also supported by record highs in U.S. stock indices and a sharp decline in energy prices.
Growth Drivers
Donald Trump stated on his Truth Social platform that Iran confirmed its readiness to keep the Strait of Hormuz fully open for shipping.
The strait is considered a key transportation artery for global oil supplies, and any threats to block it typically trigger panic in markets.
Trump also mentioned progress in peace negotiations between the countries.
An additional driver came from reports that the U.S. may unfreeze $20 billion in Iranian assets. Discussions about the U.S. purchasing Iranian enriched uranium further strengthened investor confidence in stabilization.
Against this backdrop, oil prices dropped by 13%, falling to around $80 per barrel.
Altcoin Rally
The positive momentum of “digital gold” pulled the broader market upward. At one point, Ethereum and XRP gained about 4–5%.
At the same time, shares of companies specializing in digital treasury management surged by 20%. According to DropsTab, Strategy, led by Michael Saylor, is no longer in the red.
Source: DropsTab.
The S&P 500 and Nasdaq indices also reached new all-time highs. According to experts, investors have shifted into a risk-on mode, where capital flows from safe-haven assets into equities and cryptocurrencies.
Growth Outlook
Despite the price increase, Santiment notes low optimism among retail traders.
“Currently, there are only two positive comments for every three negative ones on social media. Retail investors are exhausted by constant war-related news and remain skeptical about ceasefire reports,” analysts said.
Source: Santiment.
According to them, such FUD often acts as a strong bullish signal.
“As long as most traders expect Bitcoin to hit resistance at $84,000, the market has a good chance to move past that level quickly. If developments around the peace agreement and the CLARITY Act remain positive, prices could rise above $90,000,” they concluded.
