Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Previsão de ROI do estágio 9 do Troller Cat
    NewsCryptoSponsored Article

    Floki Price Prediction: $0.00007374 Floor or Trap? Troller Cat Might 18x First With Real Utility

    What if a dog didn’t lead the next meme coin wave, but…

    By
    Benedikt Krüger
    June 20, 2025
    image 20 Haz 2025 19 43 11
    CryptoMarketNews
    Crypto Slips Again as U.S.-China Tech Tensions Escalate
    June 20, 2025
    image 20 Haz 2025 19 39 41
    CryptoMarketNews
    Fitch & Fed Sound the Alarm: Is Crypto Poised for a Breakout Amid Global Uncertainty?
    June 20, 2025
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    NewsCryptoMarket
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    June 20, 2025
    $58M XRP Whale Transfer Sparks ETF Speculation, But Price Remains Unshaken
    NewsCryptoMarket
    $58M XRP Whale Transfer Sparks ETF Speculation But Why Price Remains Unshaken
    June 20, 2025
  • Cryptocurrency
    Previsão de ROI do estágio 9 do Troller Cat
    Floki Price Prediction: $0.00007374 Floor or Trap? Troller Cat Might 18x First With Real Utility
    9 Min Read
    image 20 Haz 2025 19 43 11
    Crypto Slips Again as U.S.-China Tech Tensions Escalate
    3 Min Read
    image 20 Haz 2025 19 39 41
    Fitch & Fed Sound the Alarm: Is Crypto Poised for a Breakout Amid Global Uncertainty?
    5 Min Read
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    6 Min Read
    $58M XRP Whale Transfer Sparks ETF Speculation, But Price Remains Unshaken
    $58M XRP Whale Transfer Sparks ETF Speculation But Why Price Remains Unshaken
    6 Min Read
    Best cryptos for beginners, Troller Cat crypto presale
    Final Hours Before Stage 10: Troller Cat Tops as the Best Beginner Crypto, While Goatseus Maximus Slips and ANDY Gains
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: No Signs of Overheating! Are New Highs on the Horizon for Bitcoin? Experts Weigh In
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > No Signs of Overheating! Are New Highs on the Horizon for Bitcoin? Experts Weigh In
News

No Signs of Overheating! Are New Highs on the Horizon for Bitcoin? Experts Weigh In

the bullish sentiment for Bitcoin with no signs of overheating. Show Bitcoin symbols with financial charts indicating potential
Thalia Galanis
Last updated: November 8, 2024 12:03 pm
By
Thalia Galanis
Published November 8, 2024
2 Min Read
Share

Despite reaching record levels this week, Bitcoin (BTC) is showing no signs of overheating, and many analysts believe there is more upside potential.

Contents
Analysts Say Bitcoin Shows “No Signs of Overheating”Bitcoin’s Upward Momentum Gains Strength

Analysts Say Bitcoin Shows “No Signs of Overheating”

In a report from November 7, Alex Thorn, Head of Research at Galaxy Research, stated, “From a fundamental perspective, there are no signs of overheating in the market.” Likewise, Nansen analyst Aurelie Barthere noted that Bitcoin’s breakout to an all-time high with high volume signals positive post-election momentum. With Donald Trump’s election win, Barthere observed, investors are more willing to take on risk, pushing crypto markets upward.

Bitcoin’s Open Interest in futures has seen a slight rise towards annual highs, although Thorn pointed out that funding rates remain largely unchanged. A positive funding rate on exchanges, such as the 0.0100% on Binance, suggests that investors have bullish expectations for Bitcoin, willing to pay a premium to hold positions.

Data shows Bitcoin’s Open Interest reached $45.4 billion on November 6, marking a 13.3% increase from the previous day. This indicates that buyers are confident enough to pay sellers extra to maintain their positions, underscoring positive market sentiment.

Bitcoin Acik Faiz 2048x756 1

Bitcoin’s Upward Momentum Gains Strength

Thorn anticipates that Bitcoin and altcoins will be trading well above today’s levels in the next 12-18 months. According to technical analysis conducted on November 7, many investors expect Bitcoin to rise to the $78,000–$85,000 range. Currently trading around $76,000, Bitcoin is consolidating above its previous peak of $73,679, as noted by crypto analyst Matthew Hyland.

Experts are also watching the effects of the recent 25-basis-point interest rate cut by the U.S. Federal Reserve, implemented on November 7. With lower interest rates, traditional assets may lose appeal, potentially driving more demand for crypto.

The sustainability of Bitcoin’s current levels and whether it can maintain its upward trend will become clearer with further data in the coming weeks.

Bitcoin, overheating, Open Interest, funding rate, bullish

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Altcoins Market Plummet 21% As Traders Abandon Risk Ahead of White House Summit

EU Sanctions Garantex—A Crackdown on Russian Crypto?

Time is Ticking: Invest in Arctic Pablo Coin Today at $0.000063 – Last Call Before the Big Rise, While Fartcoin And Snek Heat Up!

Analyst Warns: Ethereum Could Face Major Decline Against Bitcoin

Solana Breakout Watch: Can $176 Hold the Key to $200?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Shiba Inu is SHIB price growth potential featuring the SHIB logo prominently with visuals of bullish indicators and ascend What Awaits Investors? This Altcoin Shows 149% Growth Potential!
Next Article Cryptos to explode November 2024 Best Crypto by Year-to-Date Performance: 9 Best Cryptocurrencies to Invest in Now
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)