Bitcoin Surpasses $98,000 Amidst Market Speculation
- Bitcoin’s price surged past $98,000 on Thursday.
- A $2.4 billion increase in Bitcoin’s open interest was noted within 24 hours.
- Market observers highlight increased leverage and fresh long positions driving the rally.
- Analysts caution about the lack of spot buying despite rising open interest.
- Technical analysis suggests a successful retest of $97,700 could lead to further gains.
Bitcoin’s recent surge past $98,000 has sparked discussions among traders about its potential to reach $100,000, with significant increases in open interest and leverage playing a key role in the rally.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-blasts-past-98000-is-100k-next-or-a-trap/?rand=52377
