Bitcoin Surges Past 104K Analyst Predicts

Bitcoin Hovers Above $104K After Reaching New ATH

• Bitcoin recently hit a new all-time high above $109,000.
• The current price is hovering slightly above $104,000.
• Binance Bitcoin Funding Rates are at a baseline level of 0.01.
• Analyst Burak Kesmeci identifies three phases in past bull cycles based on funding rates.
• A divergence is noted between the Coinbase Premium Index and Bitcoin’s price movement.

Bitcoin’s recent peak above $109,000 has sparked renewed market interest, with analysts noting key indicators like Binance Bitcoin Funding Rates at a baseline level of 0.01, suggesting early-stage bull cycle activity.