Bitcoin is currently valued at 104,000 USD, showing a minor decline of 0.54%. Despite this, positive funding rates remain at 0.075%, demonstrating strength in the market.
Technical indicators show a bullish structure, with a 50-day moving average at 98,870.83 and a 200-day average at 76,229.51. Bollinger Bands reveal a stable volatility range from 91,175.85 to 108,514.95.
The persistence of positive funding rates despite consolidation hints at an accumulation phase. This environment could lead to significant price movements, requiring close monitoring of support levels.