The post Bitcoin Price Analysis: Bullish Sentiment Persists Amidst $100,000 Fluctuations appeared on BitcoinEthereumNews.com.

According to an analysis shared on social media by Adam from Greeks.live, Bitcoin has been fluctuating around the $100,000 mark for nearly two months. Following a brief spike to $110,000 in mid-December, the cryptocurrency saw a recent dip beneath $90,000. The annualized basis for primary futures contracts remains robust, exceeding 12%. Market participants are exhibiting strong long leverage, indicating sustained bullish sentiment within the market. On the options market, a slight decrease in the implied volatility spread between January and March has been noted. The upcoming inauguration of Trump is generating anticipation of increased uncertainty. Data from Skew suggests that fear levels during this recent downturn are comparatively lower than those observed in December. Overall, market dynamics indicate a continued bullish outlook, especially with large transactions surpassing $100,000, affirming optimism for the post-inauguration period. Source: https://en.coinotag.com/breakingnews/bitcoin-price-analysis-bullish-sentiment-persists-amidst-100000-fluctuations/

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Filed under: News - @ January 16, 2025 1:26 pm