Bitcoin’s price stands at $63,632.01, with a minor 0.63% dip, but analysts forecast a potential breakout to $130K.
The Crypto Fear & Greed Index is neutral at 55, signaling balanced market sentiment as Bitcoin’s technical indicators remain positive.
On-chain data reveals that 88% of Bitcoin holders are in profit, highlighting strong long-term confidence in the cryptocurrency.
Bitcoin’s price is currently hovering at $63,0000 reflecting a 2% dip in the last 24 hours. Despite this minor decline, market analysts predict a potential breakout, setting a price target of $130K.
With a market capitalization of $1.27 trillion, Bitcoin continues to assert its dominance in the crypto market. Moreover, its market dominance has climbed to 56.27%, underscoring its considerable sway.
The Crypto Fear & Greed Index currently rests at a neutral 55, suggesting a balanced market sentiment. Trading metrics, however, show mixed signals. While open interest has decreased by 1.47%, futures volume has risen by 2.46%.
Additionally, a substantial 28.43% drop in 24-hour liquidations points towards reduced market volatility. Consequently, funding rates on major exchanges like Bina…
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