The market capitalization of the crypto rose over 3 dollars of dollars, displaying the growing force in space. Although the volume remains limited in a range, the increase in market capitalization suggests a notable increase in the bullish force as the price of bitcoin exceeds $ 97,000. Despite this increase, the token should maintain a strong ascending trend and finally recover $ 100,000 in a short time from now on.
The price of the BTC is consolidated for more than a week and sparked an escape above the range with an influx of capital and bullshot feelings around $ 100,000. Chain data show that long -term whales and holders buy while exchange reserves continue to drop. This generated compression of the offer that pushed the price above the consolidated beach. However, the price is necessary to go beyond the “broken parabolic slope” which can open the way to a new ATH as suggested by the veteran Crypto Peter Brandt.
Peter Brandt shared a historic Bitcoin table where the BTC prize followed a parabolic curve in 2021 and formed a new ATH. Currently, the price has dropped below the curve, and an increase above the curve could trigger a strong bull race. The price should reach $ 125,000 at $ 150,000 by August-September 2025, but analysts warn against a correction of 50% or more after marking a new ATH. This is the reason why the analyst plans a massive drop.
Open interest plays a major role in determining the state of mind of investors. The increase in open interests suggest that longs pay shorts, which indicates that longs have become dominant compared to shorts. Unfortunately, the open interest is still negative despite the approaching price of $ 100,000.
Coinanalyze data show that the Bitcoin financing rate has become negative, while the planned rate of funding rate is also negative. This suggests that the shorts are always dominant over long, which circulates down lower clouds on the BTC prices rally. However, the analyst believes that only the destruction of the USD can prevent mass correction. Therefore, it would be interesting to look at the next Bitcoin price action (BTC).
