Bitcoin surpasses $100k as institutional demand and bullish momentum drive the market. Explore key indicators and what’s next for BTC.
BTC was testing a key ascending triangle resistance.Institutional investors were driving this explosive growth, with sustained buying pressure from U.S. markets creating unprecedented momentum.
The Coinbase Premium Index, a key indicator of U.S. investor buying pressure, shows sustained interest in the coin among large buyers. This reflects growing confidence in Bitcoin as a long-term asset.Adding to this momentum, Bitcoin derivatives’ Open Interest has increased by 12% over the last 24 hours, reaching an all-time high.
Breaking above this resistance could signal the start of a new bullish cycle, potentially driving Bitcoin to uncharted price territories. A successful breakout could invite more long positions, further adding to Bitcoin’s upward trajectory.Market sentiment leans bullish, as Coinglass’ Long/Short data shows that 52% of investors are holding long positions. This indicates that the the majority of market participants expect Bitcoin prices to surge further.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin hits $97,836 ATH: Can BTC reach $100K before 2025?Bitcoin hits $97,836 ATH as open interest surges to $63.32B. Stablecoin inflows hit $9.7B, fueling demand for BTC.
Read more »
Bitcoin Open Interest hits ATH as BTC flirts with $100KHigh Bitcoin open interest underscores strong demand, but there's a catch, which might increasing the risk of a long squeeze.
Read more »
Bitcoin ATH: As BTC touches $94K, will THESE factors boost it to $100K?Bitcoin hit a record ATH $94,000 after Trump’s election win, gaining 35% in days. What's behind the surge?
Read more »
Have Bitcoin miners triggered a consolidation phase post BTC’s ATH?Bitcoin miners sell over 3,000 BTC, signaling a potential consolidation phase as Bitcoin holds strong above $90K amid robust network health.
Read more »
Why Solana’s ATH depends on Bitcoin’s breakout to $93KSolana has experienced a bullish 24 hours, retesting a key psychological level last touched three years ago.
Read more »
Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out?Bitcoin reached a new all-time high but faced a slight pullback, with major Binance withdrawals suggesting long-term sentiment.
Read more »