Bitcoin open interest nears $23B as analyst warns of BTC price euphoria

BTC price gains are boosting bullish sentiment, but the latest Bitcoin market analysis calls for a balanced perspective.

Bitcoin needs a stronger breakout to secure a “multi-month long uptrend,” according to one analyst.

In his latest X content on Oct. 29, trader and ex-fund manager Aksel Kibar cautioned on overly bullish BTC price sentiment.

Bitcoin (BTC) may be attacking resistance near all-time highs, but for some, BTC/USD still has some convincing to do.

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