Technical analysis: Bitcoin stabilizes above $102,800, supported by a weekly increase of 10% and a 33% growth in volumes. The trend remains bullish, with improving momentum.
Technical levels: Above $88,177, Bitcoin maintains a bullish bias after surpassing $100,000. Resistances from $105,720 may hinder the momentum, while supports from $100,790 remain key in case of a pullback.
Market sentiment: Euphoric sentiment (greed) with sustained institutional inflows through BTC spot ETFs, confirming a strong appetite for risk.
Analysis on derivatives: Derivatives confirm increasing buying pressure, driven by rising open interest, CVD imbalance, and short liquidations. The high positive funding highlights optimism but invites caution regarding overheating risk.
Price forecasts for bitcoin: The bullish scenario remains preferred above $91,700, with measured potential. In case of a breakout, the drop could be more pronounced. Confirmation will depend on upcoming U.S. macroeconomic signals.
