Bitcoin’s recent sustained rebound has reignited bullish sentiment among traders, with price targets edging closer to the $97,000 mark. The cryptocurrency’s upward momentum, supported by encouraging signals from futures markets, represents a significant advancement in market structure. Analysts observe that the derivatives landscape shows improved funding rates and open interest alignment, suggesting healthy institutional participation without excessive leverage. This technical foundation, combined with spot market accumulation patterns, indicates robust underlying demand. Market participants note that key resistance levels have been systematically breached during the recovery phase, establishing stronger support foundations for continued upward movement. The convergence of these factors—including disciplined futures positioning and organic spot buying—creates an environment conducive to testing higher price thresholds. While the $100,000 psychological barrier remains a focal point, the current trajectory suggests a methodical approach toward these levels rather than speculative frenzy. This measured advancement reflects growing maturity in Bitcoin’s market dynamics as institutional infrastructure continues to develop alongside retail participation.
