Bitcoin is approaching the $100K milestone and has been rapidly climbing since November, breaking past multiple resistance levels. However, the Relative Strength Index (RSI) suggests the market is overbought, indicating potential volatility when the price reaches $100K. The 4-hour chart shows Bitcoin's path towards $100K, with the RSI just entering the overbought region, suggesting more upside in the short term. Funding rates, which measure futures market sentiment, are rising significantly, indicating bullish sentiment among investors. While funding rate spikes can lead to sudden crashes, there is still room for price and market sentiment to grow.



Other News from Today