Bitcoin briefly surpassed $100,000 for the fourth time, with trader sentiment shifting from fear to greed. The cryptocurrency has been fluctuating between $90,000 and $100,000. Despite reaching an all-time high of $108,000 on December 17, bitcoin has shown a pattern of lower highs. However, the $90,000 level has remained a strong support, with bitcoin staying above it since November 18, except for a brief dip on January 13. The upcoming U.S. presidential inauguration on January 20 might trigger a significant price movement. Futures open interest, which indicates market leverage, has dropped to 621,000 BTC ($61.6 billion) from 700,000 BTC on December 19, suggesting that recent price changes are more influenced by spot market activity than by leveraged trading.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
