According to Santiment, a crypto analytics platform, the sentiment surrounding Bitcoin on social media has shifted to a bullish outlook as the cryptocurrency hovers around the $85,000 mark. Traders expressed optimism that Bitcoin could regain the $90,000 level, influenced by forthcoming news related to tariffs and the global economy. As of April 16, the sentiment score reached 1.973, indicating increased confidence, whereas it had previously stood below 1.606. Bitcoin saw a recent high of $86,000 on April 15 before retreating to $84,390 by publication time, with a 2.73% increase over the past week. The potential to reclaim the $85,000 price point puts approximately $254 million in short positions at risk of liquidation. Despite this bullish sentiment, other trackers like the Crypto Fear & Greed Index indicate a level of 'Fear' at 30, following price declines in Q1 2025. Overall, while there are mixed signals from sentiment analyses, confidence in Bitcoin's future trajectory appears to be rekindling among traders.

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