A breakout of $ 17,000 will be crucial for bitcoin's second attempt to reach $ 18,000.Bitcoin has reached $ 16,000 again, but sellers are setting $ 14,000 as a resistance again.Bitcoin (BTC) has reached $ 16,000 again, but sellers are setting $ 14,000 as a second attempt to overcome $ 17,000. This time, the goal is quite high - $ 18,000.What can happen to BTC next?Bitcoin has shown good results in recent months, reaching its all-time high of $ 18,229 in February, but then fell to $ 15,100 shortly after. this move, analysts suggest that this may be due to psychological factors, and the fall was probably triggered by a $ 2 billion liquidation.At the time of writing, bitcoin is hovering around $ 15,100, up about 9% in the last 24 hours. This increase can be partly attributed to the euphoria generated by the us presidential election and the prospect of major reforms in the United States., they said.The S&P 500 and Dow were also able to recover from early technical and political instability, and they are currently trading at their highest levels since November. levels. The S&P 500 is up 1.55% and the Dow is up 0.73% over the same time period.Futures exchanges such as BitMEX, as well as institutional ones such as Grayscale, are showing increased institutional interest in long-term bitcoin contracts. This suggests that the increased appetite for long contracts may be a sign of bullish momentum.Horwitz said :"If you're a long-term holder and you're excited about the prospects, you probably don't move your entire portfolio for a year. But institutional investors, it seems that they're taking long positions, and this is a positive long-term indicator."In the short term, another popular indicator that shows the level of bitcoin optimism is the funding rate. Perpetual futures are the most liquid options for BTC, and the default rate is usually set at 0.01%. This suggests that traders expect a small premium to any return on long contracts, and they will pay a Commission.Skew data shows that the funding rate for perpetual futures has been negative since January 2018. Prior to this, the premium ranged from -0.01% to + 0.01%, and it was higher - about + 0.01%. This indicator peaked at about 0.05% in January 2018, but it has since fallen to - 0.01%.Long-term Holders 'Cointelegraph subscribers can expect a 2% premium on perpetual futures long positions, which is currently available at $ 13