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Bitcoin Hovers Above $104K—Analyst Reveals What’s Next Based on Funding Rates Newsbtc 1 hafta önce

Bitcoin Hovers Above $104K—Analyst Reveals What’s Next Based on Funding Rates 📈

Bitcoin, after reaching a new all-time high above $109,000, is stabilizing above $104,000, attracting market interest. CryptoQuant analyst Burak Kesmeci offers insights into Bitcoin’s price behavior using Binance Bitcoin Funding Rates, highlighting historical patterns of bull cycles as a clue for the current market environment.

Kesmeci identifies three phases from the 2020-2021 bull run: the 'calm before the storm,' a correction phase, and climactic market support phases, indicating the potential for future upward movement if funding rates rise above 0.01.

Another analyst, TraderOasis, emphasizes a divergence in the Coinbase Premium Index and observed bearish sentiment. This misalignment could affect the market’s sustainability and may lead to sharp movements followed by pullbacks.

The convergence of these insights suggests potential volatility and the need for continued monitoring of key metrics to assess Bitcoin's health and possible long-term stability.

Kaynak: www.newsbtc.com ↗

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