
An overdue reset in the Bitcoin funding rate and the return of a strong spot bid are reasons behind BTC’s rally above $100,000.
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Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next?
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The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.
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The relative strength index is making lower highs while correcting from its overbought area.
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