Standard Chartered has also raised an optimistic outlook for BTC. As noted in our earlier post, the global bank targeted BTC at $135,000 in Q3. This projection aligns with an earlier forecast from Berstein Research, as detailed in our last news piece.
* Bitcoin futures funding rates flipped negative, suggesting a potential price rebound ahead.
* Momentum for Bitcoin is improving with BTC eyeing the $ATH .
The Bitcoin (BTC) futures funding rates have brought optimism for bulls. Notably, this metric flipped negative in late June. During this period, the $BTC spot price climbed from below $100,000 to $108,000.
In the past, such a divergence indicated a major price boom ahead for Bitcoin. In one cycle, the price of BTC surged 80%.
Will Bitcoin Price Follow Historical Trends
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