Bitcoin price metrics align to project further upside for BTC
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
Bitcoin (BTC) surged by 10.5% to hit a new all-time high at $75,350 from Nov. 5 to Nov. 6 following former US President Donald Trump’s win in the 2024 election.
Despite the recent price fluctuations, the market is demonstrating a strong foundation that supports continued growth. Bitcoin derivatives highlight the robust improvement in sentiment and the absence of excessive leverage, which are essential for gains above $75,000.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
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Author: Marcel Pechman
