Bitcoin has shown no signs of overheating, reaching new all-time highs this week according to analysts. Alex Thorn, head of research at Galaxy, noted that the market remains fundamentally strong. Aurelie Barthere from Nansen highlighted that the heavy trading volume accompanying Bitcoin's rise signals positive momentum post-elections. The influx of traders appears to be responding to changes in market sentiment following political events. Although Bitcoin's Open Interest has reached new yearly highs, funding rates have remained stable, indicating trader optimism without excessive risk. As of November 8, Bitcoin trades at $75,776, consolidating above its previous high of $73,679. Analysts suggest that further price increases towards $78,000 to $85,000 may be anticipated within the next 12 to 18 months, especially following recent U.S. Federal Reserve rate cuts, which are viewed positively for crypto assets.

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