Bitcoin traders on Binance have turned bearish despite the price recovery above $97,000, according to crypto analyst Ali Martinez. The percentage of traders betting that BTC will rise has declined from 66.35% to 55.22% in the past 24 hours. This suggests that the recent price recovery may just be a relief bounce and not a bullish reversal. However, other analysts are more optimistic, with one predicting that a breakout above $97,000 could lead to new highs for Bitcoin. There is still market uncertainty, with the Federal Reserve's potential reduction in quantitative easing policies and the promise of a Strategic Bitcoin Reserve from Donald Trump's incoming administration playing a role. Another analyst believes that Bitcoin has shifted to an uptrend and could reclaim $100,000 and rally to new highs if it maintains a higher low at the support/resistance flip level of $96,000. Currently, the Bitcoin price is trading at around $97,300, up over 2% in the last 24 hours.



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