The post Bitcoin Bullish Sentiment Hits Three-Week High Amid Cautious Outlook on $110,000 Resistance appeared on BitcoinEthereumNews.com.

Bitcoin sentiment on social media has reached a three-week high, with traders increasingly optimistic about BTC surpassing the $110,000 mark. Despite the surge in bullish commentary, historical data suggests caution as previous spikes in optimism have preceded price pullbacks. Santiment analyst Brian Quinlivan highlights that retail traders often react emotionally, which can lead to short-term price corrections even amid long-term bullish trends. Bitcoin bullish sentiment hits a three-week peak amid optimism for $110K breakout, but caution is advised as past spikes preceded price pullbacks. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Bullish Sentiment Climbs to Highest Level in Three Weeks Recent data from blockchain analytics platform Santiment reveals a notable increase in bullish Bitcoin comments across multiple social media channels, including X, Reddit, Telegram, and BitcoinTalk. The ratio of bullish to bearish remarks has surged to 1.51, marking the highest sentiment ratio observed in the past three weeks. This uptick reflects growing trader confidence in Bitcoin’s potential to reclaim and surpass the $110,000 price level. However, Santiment analyst Brian Quinlivan cautions that such spikes in optimism have historically been followed by price corrections. He points to similar sentiment surges on June 11 and July 7, both of which preceded declines in Bitcoin’s market value. This pattern underscores the tendency of retail investors to react emotionally, often buying near local tops and contributing to short-term volatility. ‘, ‘…

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Filed under: News - @ July 9, 2025 4:23 am