🚦Bitcoin prices have accelerated and risen again above $100,000: Positive and expanding momentum, indicating a bullish beginning🛸.
The price of Bitcoin reached $104,200, driven by a sustained rise and a clear crossing of the $100,000 mark, which is a key technical level. The weekly change of +10% confirms a clear recovery after a consolidation phase, reflecting a notable renewed interest. Weekly trading volumes increased by 33% to reach $42.73 billion, indicating growing market acceptance of the current dynamics. Trends are bullish across all horizons - short, medium, and long-term - with a surge in momentum and a slight slowdown recently in the near term. Momentum is recovering, confirming the continuation of the upward movement and validating the strength of the bullish re-acceleration scenario.
Market Sentiment: Market sentiment is optimistic (greed) with sustained institutional flows through Bitcoin exchange-traded funds, confirming a strong risk appetite.
Derivatives Analysis: Derivatives confirm increasing buying pressure; the rise in positive funding confirms optimism.
Bitcoin Price Forecast: The bullish scenario remains preferred above $91,700, and in case of a breakout, the decline may become more apparent. Confirmation will depend on upcoming macroeconomic signals in the United States