Bitcoin derivatives metrics favor a move to $48K, but only after a lower support retest
Analysts are mostly bullish on BTC’s short term price action, even if a retest of the $45,000 level must happen first.
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Analysts are mostly bullish on BTC’s short term price action, even if a retest of the $45,000 level must happen first.
Recent strength in Ethereum boosted investors' morale and gave bulls the upper hand in Friday's $2.4 billion options expiry.
Holding $42,000 will help determine whether BTC bulls bag a $175 million profit in March 25’s $3.34 billion options expiry.
Short sellers got liquidated to the tune of $150 million, but two metrics show pro traders did not flip bullish after the recent Bitcoin rally.
Ether’s price has been sideways for 27 days, but pro traders are not confident about the $2,500 support, according to derivatives.
BTC price struggles to sustain $40,000, but Friday's options expiry might give bulls the $160 million profit needed to keep the positive momentum.
Traders who believe ETH will recover but unlikely surpass $3,800 ahead of May can benefit from the skewed iron condor strategy.
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry.
Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand in Friday’s $860 million options expiry.
The crypto market is starting to turn around, raising opportunities for risk averse traders to use the Long Condor options strategy to long ETH.