Bitcoin’s steady rebound remains intact, with the cryptocurrency now trading at $95,409 after gaining 1.7% over the last 24 hours. Over the past two weeks, BTC has surged nearly 15%, marking a consistent recovery from its recent correction phase.
Though the pace of growth is more restrained compared to historical surges, deeper market indicators hint at significant structural developments that could shape Bitcoin’s next major move.
Analyst insights reveal that sentiment is improving, particularly in the derivatives sector, which currently commands the majority of Bitcoin’s trading volume.
Furthermore, there’s growing evidence that long positions are regaining dominance, signaling a potential shift in market dynamics. Updated cycle models also indicate that BTC’s upward trajectory could continue, with notable parallels being drawn to the 2017 bull run.
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