BlockBeats News, as Thanksgiving approaches, Bitcoin's performance is as hot as a turkey! 📈 Matrixport's latest data shows that Bitcoin's funding rate continues to rise. Although the market is undergoing a typical adjustment period, leveraged traders remain confident and seem to be prepared for future trends.
From a technical analysis perspective, Bitcoin's price may pull back to the key support range of $89,000-$90,000, which is expected to stabilize the market and lay the foundation for subsequent increases. Bitcoin has surged an astonishing 119% so far this year, undoubtedly making it a hot topic at the Thanksgiving dinner table.
Even more exciting is that Bitcoin is expected to become the best-performing asset of the year again. One highlight of this round of gains is that traditional financial investors are doubling down through ETFs, injecting new vitality into the market. Looking ahead to 2025, more institutional funds are expected to flow into the market, further solidifying Bitcoin's strong upward momentum and reinforcing its long-term bullish outlook.
Dear friends, what are your thoughts on Bitcoin's future trend? Feel free to share your views and predictions in the comments! Whether you're bullish or bearish, we look forward to hearing your voice. Let's search for opportunities and discuss the future together in this vibrant market!