Bitcoin Price Momentum: Traders Await Confirmation Amidst Mixed Signals
Bitcoin is experiencing upward price momentum as traders eye a potential surge to $95,000. This bullish outlook is fueled, in part, by positive options flows. However, this push is being counteracted by indicators suggesting a more cautious market sentiment. Flat open interest and weak spot demand are tempering expectations. The market is awaiting further confirmation to validate the current trajectory.
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