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Bitcoin Price Is Creeping Up, Trading Above $11,000 On The Futures Market

▪ Bitcoin price jumps to $10,500 in the spot market but back to $10k
 ▪ “Retests of $9,500 / $9,800 would be healthy,” says trader Crypto Michaël
 ▪ CME Group’s bitcoin futures trading at a premium with open interest surging to $313 million
 ▪ Bakkt has made a 2020 record with $36 million in volume and $17 million in open interest

Bitcoin price has made a new local top at $10,500. However, the price couldn’t keep up these levels and dropped back to $10,150. The world’s leading cryptocurrency might have been rejected but this doesn’t mean we are in a bear market.