Why Bitcoin’s resistance to retesting the $25K support could be futile
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.
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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.
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.
The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don’t expect any major price corrections.
BTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support gets retested.
Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000.
Ether options volume hints at bearish sentiment as the $1,850 support falters.
Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting.
BTC price continues to show strength and derivatives data suggests that bulls intend to press Bitcoin higher.
Commodities rallied as the U.S. Treasury struggled with the banking crisis, but Bitcoin bulls also overplayed their hand in this week’s options expiry.
ETH’s price is showing strength, but network and derivatives data suggest that ETH will struggle to hold the $1,850 price level.