<ul data-eligibleForWebStory="false"><li>Bitcoin has been hovering near its all-time high, with bulls in control and price defended above $105,000, hinting at a potential uptrend continuation.</li><li>Analyst Axel Adler notes that a drop in the 30-day funding rate to around 50% has historically signaled a local bottom and preceded significant uptrends, suggesting Bitcoin's potential for further upside.</li><li>While Bitcoin faces resistance near $112,000, caution is advised as failure to break into price discovery could lead to a sharp correction, especially as uncertainties rise amidst a cooling market after a period of volatility.</li><li>Bitcoin is consolidating around $108,790 with key resistance at $109,300 and strong support at $103,600. The tight range indicates a potential imminent breakout, with moving averages and volume suggesting a decisive move in the near future.</li></ul>

Bitcoin Historical Pattern Repeats: 30-Day Funding Rate Signals Uptrend Continuation

Discover more