Bitcoin has surged above the $60,000 mark, generating optimism in the market about a potential further rise to $116,000. This bullish sentiment is fueled by various indicators.
One key factor is the increase in whale transactions, suggesting a heightened interest from major investors. Additionally, rising open interest in the cryptocurrency market indicates growing confidence.
These factors combined suggest that Bitcoin could indeed experience a significant breakout, with experts optimistic about its future price movements.
