How Bitcoin back above $60,000 could create a powerful upside move

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After a consolidation phase spread over the last few weeks, Bitcoin is trading back above $60,000. With 3% gains in the daily chart, at the time of writing, and 2% profit in the weekly chart BTC still looking for confirmation on its rally.
As it approached its all-time high zone, the funding rate for BTC’s futures market across all exchanges took an explosive jump towards 0.14%. Meaning there are higher incentives to take short positions for investors in this sector.source