Bitcoin eyes $116K – Bullish stars align after Fed caution

Alternatively, the Bitcoin Unified Sentiment Index (primarily based on CoinGecko votes and the Concern & Greed Index) additionally turned optimistic. This normally means there’s confidence in Bitcoin’s short-term prospects.

Puckrin famous:

“The continued uncertainty, which has dominated markets all 12 months, would be the purpose we’re not seeing extra euphoria within the cryptocurrency area. Bitcoin is certainly exhibiting a possible double prime sample, a bearish sign, and day by day alternate volumes have fallen off a cliff,”

Regardless of this warning, upside is feasible, with enhancing structural and sentiment indicators as an indication.

Outbreak on the best way?

Binance knowledge additionally reveals comparable optimism.

Supply: Cryptoquant

Financing rates for Bitcoin perpetuals have remained optimistic because the twenty second, a pattern that usually precedes short-term rallies.

Unfavourable funding phases normally imply native bottoms, whereas a return to optimistic ranges signifies bullish momentum.

Supply: Cryptoquant

Added to that is the BTC-to-stablecoin reserve ratio on Binance has flashed the third purchase sign of the cycle.

The identical sample occurred in January and March 2023, and once more in March 2025, every time adopted by huge rallies to $24,800, $73,000 and $123,500.

Rising capital inflows and shrinking provide are growing optimism within the Bitcoin markets.

What to concentrate to

Bitcoin held regular round $113,000, consolidating after latest positive aspects.

$107,500 is a vital assist degree. If BTC maintains this degree over the following 24 to 48 hours, a transfer in direction of $116,000 may comply with. That is per enhancing Binance Funding Charges and a bullish stablecoin reserve ratio.

Supply: TradingView

With the RSI close to impartial and quantity profile assist under present costs, Bitcoin’s construction signifies the market is primed for additional upside potential.