Bitcoin options tantalizing bears to push price below $30K before Friday’s expiry
Bitcoin bears are closing in on a rare win as they have the advantage in this week’s $600 million BTC options' expiry.
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Bitcoin bears are closing in on a rare win as they have the advantage in this week’s $600 million BTC options' expiry.
Two key Bitcoin price metrics suggest that bulls will be able to hold the $30,000 level as support.
News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue.
Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible.
Bitcoin’s price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable, according to derivatives data.
Regulatory concerns continue to impact the entire crypto market, and this week’s BTC options expiry could play a decisive role in pushing the Bitcoin price under $26,000.
This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level.
Crypto traders expected a price reversal could use this options strategy to get positioned in Bitcoin.
Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.
A perfect storm is forming for higher volatility. Learn how to profit from BTC price moves on either side.