Bitcoin Derivatives Data Shows Bitcoin Could Rise to $105,000

BlockBeats News, December 26th, according to Cointelegraph, the current price of Bitcoin is $99,260, up 6.5% from the low of $92,458 on December 23rd. After hitting a historical high of $108,275 on December 17th, Bitcoin's price experienced a sharp 14.5% pullback, but after this pullback, traders have shown renewed confidence.

Bitcoin derivatives data remains neutral to bullish, indicating that the intense price fluctuations have not significantly affected market sentiment. This market positioning supports the possibility of Bitcoin breaking through $105,000.