Bitcoin bulls have returned: BTC derivatives data point to a possible rally up to 105,000 dollars
Bitcoin futures data suggest that bulls are ready to push the price of BTC back above 100,000 dollars.
Bitcoin BTC94,436 € has gained 6.5% since its low of 92,458 dollars on December 23, but failed to break the resistance level of 98,000 dollars. Traders showed renewed confidence after a sharp correction of 14.5% that followed the all-time high of 108,275 dollars on December 17.
Bitcoin derivatives maintained a neutral to bullish stance, suggesting that the strong price volatility did not significantly affect market sentiment. This stance supports the likelihood of a sustainable rally above 105,000 dollars.