Bitcoin CME Futures Pushes Above $100,000, BTC Price Now In The ‘Bull Zone’

Crypto analyst Tony Severino has disclosed that Bitcoin Chicago Mercantile Exchange (CME) futures have crossed the $100,000 mark, indicating a potential increase in market sentiment and institutional interest. With the cryptocurrency’s Relative Strength Index (RSI) above 70, the analyst asserts that Bitcoin may have entered a bull zone . As a result, he predicts a significant price increase for Bitcoin, with the potential to break through to new ATHs soon. Bitcoin CME Futures To Trigger Rise To $174,000 Severino announced that Bitcoin CME futures has surpassed $100,000, marking a new milestone for the leading cryptocurrency. In an X (formerly Twitter) post , the analyst shared a detailed price chart illustrating past performances of Bitcoin CME futures, highlighting key percentage gains in the price of Bitcoin following the CME’s rise above $100,000. Given these historical trends, Severino predicts that BTC could see a comparable price increase with the recent rise in its CME futures. Interestingly, the rise in Bitcoin CME futures has triggered the weekly RSI above 70 , signaling the entrance of the coveted “bull zone.” The RSI is a technical indicator that measures the momentum of an asset’s price. Typically, an RSI value above 70 signals powerful upward momentum , often leading to bullish movements. Moreover, a surge in this indicator has historically preceded major price rallies in BTC. Severino’s chart has shared three past instances when Bitcoin CME Futures exceeded $100,000, and its RSI surpassed 70, highlighting remarkable gains that followed these surges. In October 2023, the analyst observed that BTC saw a 59,76% price rally, with an increase of $3,546, bringing its value to $51,000. Similarly, in February 2024, the leading cryptocurrency experienced a more substantial price surge of 76.08%, increasing its value by $6,486 to $75,000. Later, BTC saw another impressive price rally of 59.23% in November 2024, leading to an $8,117 price increase and pushing it close to the $110,000 mark. Based on these past performances, Severino predicts that Bitcoin could experience another rally of 59% to 76% if it follows the same bullish pattern. This would reinforce the analyst’s optimistic outlook, potentially driving Bitcoin’s price within the range of $158,000 to $174,000, setting new all-time highs . BTC Inflow Index Breaks Out As Bitcoin demonstrates renewed strength in the crypto market, analysts have observed a surge in key technical indicators , suggesting that a significant price rally may be on the horizon. Trader Tardigrade, a prominent crypto analyst, has disclosed on X that BTC’s daily Money Flow Index (MFI) is currently breaking out. This technical indicator measures the flow of capital into and out of a cryptocurrency, signaling a potential increase in buying pressure. As of this writing, Bitcoin is trading at $99,552, steadily approaching its previous $100,000 price high. Given the recent uptick in the cryptocurrency’s MFI, Trader Tardigrade predicts that BTC could experience a price surge to $132,000 by February 2025.