After a sharp drop on Tuesday causing a loss of over $8 billion in crypto market value, Bitcoin (BTC) surged by 12.35% to $102,500. Analyzing funding rates can provide insights into whether the upward momentum is decreasing or Bitcoin will continue its ascent. If the 24-hour funding rate turns negative, Bitcoin has historically reversed its trend. Analysts expect the bullish trend to continue if the $97,200 support level holds, with the next resistance range between $101,400 and $105,500. Breaking $110,000 could lead to a new all-time high of $123,000, aligning with the 161.8% Fibonacci level. Conversely, losing the $97,200 support may indicate further price decline, with strategic buying points at $92,500, $89,000, and $85,800 due to their strong historical support levels. The page provides real-time prices of all tokens and cryptocurrencies.
