Bitcoin bulls are back: BTC derivatives data hints at rally to $105K
Bitcoin futures data suggests bulls are ready to push BTC price back above $100,000.
Bitcoin (BTC) has gained 6.5% since its $92,458 low on Dec. 23 but it failed to surpass the $98,000 resistance level. Traders showed renewed confidence after a steep 14.5% correction that followed the $108,275 all-time high on Dec. 17.
Bitcoin derivatives maintained a neutral-to-bullish stance, suggesting that the sharp price volatility did not significantly impact market sentiment. This positioning supports the likelihood of a sustainable rally above $105,000.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
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Author: Marcel Pechman
