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Bitcoin Eyes $108K: Can Bulls Sustain Momentum Against Bearish Signals? Newsbtc 2 dagen geleden

Bitcoin Eyes $108K: Can Bulls Sustain Momentum Against Bearish Signals? 📉

Bitcoin

Bitcoin has hit a roadblock after almost reaching $108,000, facing challenges from bearish market indicators. Analysts highlight declining funding rates, suggesting weakening demand in perpetual markets. This bearish divergence raises doubts about Bitcoin's ability to surpass its previous all-time high of $108,000.

CryptoQuant's analyst ShayanBTC notes that unless funding rates increase, reflecting optimism, Bitcoin may face consolidation or rejection. Currently, traders seem hesitant to commit to further price hikes.

Meanwhile, long-term holders are showing steadfast confidence, keeping their Bitcoin off exchanges, suggesting belief in Bitcoin's enduring value despite market fluctuations.

Bron: www.newsbtc.com ↗

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