Now Funding Rates Have Fixed, Where Were We?
2024-12-06

Now that BTC USDT funding rates have fixed, where were we?

Bitcoin's funding rate normalization is a positive signal for market stability, often indicating that extreme sentiment (either bullish or bearish) is cooling off. This creates a more balanced environment for the next major move.

 Resistance and the 110K Target 
 
If the key resistance level you are watching breaks, the idea of a path to $110K becomes plausible under certain conditions: 

 
 Momentum Confirmation: A strong breakout above the resistance with high volume and no immediate rejection is crucial.
 Market Sentiment: If the broader sentiment shifts positively, it could drive significant buying pressure.
 Macro Factors: Bitcoin's trajectory could be influenced by external factors like macroeconomic data, institutional adoption, or regulatory clarity.
 

See how Latest BTC Analyzes hit TP
 Latest Bitcoin Analyzes 

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