Over 85% of Bitcoin’s circulating supply is in profit, indicating bullish trends in the cryptocurrency market. The funding rate remains neutral at 0%, reflecting investor anticipation for market catalysts. Bitcoin is currently trading at 95,125 USD, below the resistance level of 95,971 USD, revealing possible price fluctuations.
With significant demand among traders, Bitcoin’s momentum remains strong, yet the proximity to euphoric levels could lead to corrections. Analysts caution that if bearish sentiment intensifies, Bitcoin could face downward pressure, with potential declines towards 91,851 USD.
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