BlockBeats news, on November 27, Matrixport released today’s chart saying that Bitcoin funding rates continue to rise. Although it is undergoing a typical market adjustment, leverage traders are still confident about the market outlook. From a technical perspective, prices may pull back to the 89,000-90,000 range, a key support level that is expected to stabilize the market. As the Thanksgiving holiday approaches, Bitcoin’s astonishing +119% year-to-date rise is bound to become a hot topic at the holiday dinner table.
What is even more noteworthy is that Bitcoin is expected to once again be the best-performing asset of the year. The highlight of this round of gains is that traditional financial (TradFi) investors have increased their investment through ETF layout. Looking forward to 2025, more institutional funds may pour in, further consolidating Bitcoin’s strong upward momentum and strengthening its long-term bullish expectations.
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<p>The post Matrixport: $89,000 to $90,000 is the key support, BTC is expected to once again retain the title of the best asset of the year first appeared on CoinBuzzFeed.</p>
