Bitcoin futures turn positive after 5-day dip – could 115,000 USD be next?

Bitcoin experienced a decline of 5.3% over the week, dropping to 111,900 USD from a peak of 124,000 USD.

The Futures Composite Sentiment Index has flipped to positive, indicating that aggressive buyers are now dominating the market, alongside a rise in Bitcoin’s Funding Rate to a weekly high of 0.0095.

Experts caution that while market sentiment is positive, previous patterns suggest volatility may be forthcoming, possibly elevating Bitcoin’s price towards 115,000 USD.