Bitcoin [BTC] bounces back: All you need to know as king coin crosses $26k

BTC traded momentarily above $26,000 on 14 March. On-chain data indicated positive sentiment. During the intraday trading session on 14 March, Bitcoin [BTC] momentarily traded at a staggering high of $26,500 for the first time since August 2022. The rally in price was due to the positive sentiment that lingered in the market as many […]

Market sentiment has improved significantly since the week began. BTC’s price traded as high as $24,574 on Monday and forced the liquidation of about $81 million BTC short positions. With many betting in favor of further price growth, data fromProfit Calculator

Further, for the first time since SVIB’s collapse, BTC funding rates have turned positive. When an asset’s funding rates are positive, it indicates that the demand to go long is high. This can be seen as a bullish signal, suggesting that traders are willing to pay a premium to maintain their long positions.At press time, BTC’s weighted sentiment was a positive 5.958. If BTC sustains this level, prices could increase further.Subscribe to get it daily in your inbox.

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