Bitcoin price surges, debate on potential bubble formation, analyst suggests market may be frothy

From Investing.com

December 13, 2024 09:18 AM:

The price of Bitcoin has surged, with futures contracts hitting highs of $105,325 and $110,935. Analysts are debating whether a bubble is forming. Brett Friedman of Winhall Risk Analytics discusses indicators like implied volatility spreads and futures curves. Increased volume and open interest in Bitcoin futures suggest trader confidence in a sustained rally. Related financial products and high leverage also raise concerns. Friedman concludes the market may be frothy but not in a full-fledged bubble yet, calling for new bullish fundamentals to reignite speculation.

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