Matrixport: $89,000 to $90,000 Key Support, BTC Set to Reclaim Title of Best Performing Asset of the Year

BlockBeats News, November 27th, Matrixport released today's chart, stating that the Bitcoin funding rate continues to rise. Despite undergoing a typical market correction, leverage traders remain confident in the future. From a technical perspective, the price may pull back to the 89,000-90,000 range, with this key support level expected to stabilize the market. As Thanksgiving approaches, Bitcoin's astonishing year-to-date gain of +119% is bound to be a hot topic at the holiday table.

Of particular note is that Bitcoin is expected to once again lead as the best-performing asset of the year. The highlight of this rally is that traditional financial (TradFi) investors are increasing their positions through ETFs. Looking ahead to 2025, more institutional funds may flow in, further solidifying Bitcoin's strong upward momentum and reinforcing its long-term bullish outlook.