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Bitcoin: Can the futures market finally pull spot prices above $50K
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Bitcoin trading at $49,206, up almost 6% over the last two days, the top coin seemed to have started the week on a high note. While BTC still rode on a wave of volatility, the recent bullishness in price stirred the market anticipation of a high Bitcoin yearly close.
The king coin’s move above the crucial $49K resistance could be the last move to reclaim the $50K and above price closing by year-end. However, with a number of metrics still tipping towards bearish and the network activity looking low, there were some hurdles that still plagued BTC’s path ahead.
Generally, when BTC’s price peaks, the RSI of Open Interest often hits the overbought zone, following that, the price often begins a corrective phase. Notably, Open Interest RSI peaks
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