3 reasons why traders turned bullish after Bitcoin price surged to $10.7K

Today the price of Bitcoin (BTC) abruptly rose by 6% from $10,136 to as high as $10,743. 

After this powerful 24-hour rally, analysts are now turning cautiously bullish for various reasons but will Bitcoin price be able to tackle the $11K mark any time soon?

Cryptocurrency daily market performance snapshot. Source: Coin360

Currently, the factors that appear to be lifting investor sentiment are negative funding rates, BTC whale activity, and the U.S. dollar’s recent weakness.

Funding rates are…


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