Bitcoin is getting closer to reaching $100K, which is a significant milestone for investors. On the daily chart, Bitcoin has been rapidly increasing since November and has surpassed several resistance levels, like $90K. However, the Relative Strength Index (RSI) indicates that the market is overbought, which could lead to volatility when Bitcoin reaches $100K.
On the 4-hour chart, Bitcoin is breaking through a symmetrical triangle pattern and could go beyond $100K before a major correction. In terms of sentiment, funding rates show that investors are optimistic about the short term, but there is still room for growth in both price and market sentiment.
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<p>The post Bitcoin Price Surges, Approaching $100K: Technical and Sentiment Analysis first appeared on CoinBuzzFeed.</p>
