Bitcoin is holding firm above $107,000, with traders unwinding bearish positions and derivatives data signaling renewed optimism. A drop in demand for downside protection and a rebound in futures premiums suggest improving sentiment. According to Cointelegraph, economic uncertainty from U.S. tariff hikes on Japan and South Korea is fueling BTC’s appeal as a hedge, with analysts pointing to potential upside toward $120,000 if liquidity conditions and investor sentiment align.
Bitcoin eyes $120K as bearish bets fade
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content