Bitcoin eyes $116K – Bullish stars align after Fed caution
Then again, the Bitcoin Unified Sentiment Index (based mostly on CoinGecko votes and the Worry & Greed Index) additionally turned constructive. This often means there’s confidence in Bitcoin’s near-term outlook.
Puckrin famous,
“The continued uncertainty, which has dominated markets all 12 months, is probably the explanation we aren’t seeing extra euphoria within the cryptocurrency house. Certainly, Bitcoin is exhibiting a possible double high sample, a bearish sign, and each day change volumes have dropped off a cliff,”
Regardless of that warning, a transfer increased is feasible with bettering structural and sentiment indicators as an indication.
Breakout on the best way?
Binance information can be exhibiting related optimism.
Supply: Cryptoquant
Funding Rates for Bitcoin perpetuals have stayed constructive because the twenty second, a development that usually comes earlier than short-term rallies.
Detrimental funding phases often imply native bottoms, whereas a return to constructive ranges signifies bullish momentum.
Supply: Cryptoquant
Including to this, the BTC-to-stablecoin reserve ratio on Binance has flashed its third purchase sign of the cycle.
The identical sample appeared in January and March 2023, and once more in March 2025, every time adopted by main rallies to $24,800, $73,000, and $123,500.
Rising capital inflows and shrinking provide are boosting optimism in Bitcoin markets.
What you’ll want to watch
Bitcoin held regular close to $113K, consolidating after latest beneficial properties.
$107,500 is an important assist degree — if BTC maintains this degree over the subsequent 24–48 hours, a transfer towards $116,000 may observe. This aligns with bettering Binance Funding Charges and a bullish stablecoin reserve ratio.
Supply: TradingView
With RSI close to impartial and quantity profile assist constructing under present costs, Bitcoin’s construction signifies that the market is prepared for additional upside.
