The recent decline in the cryptocurrency Market has shifted traders’ focus from the widely favored $120,000 Bitcoin options bet to a more conservative $100,000 bet. Currently, the $100,000 call option leads with a notional open interest of $1.55 billion, reflecting a reassessment of bullish expectations. In contrast, the $120,000 call, previously leading, has dropped to ...
Bitcoin Cash (BCH) has seen a price increase of over 7%, currently trading at around $342, after testing its key support level. Positive on-chain metrics, including a record-high transaction rate, indicate growing interest and activity on the BCH network. Additionally, open interest in BCH futures has surged, pointing to potential further buying momentum. The price ...
Recent historical trends indicate that Bitcoin (BTC) may have significant growth potential, especially as U.S. inflation poses challenges to its current upward trajectory. The 200-week simple moving average (SMA) for Bitcoin is currently at $44,200, the highest it has ever been, yet still below the previous bull Market peak of $69,000 from November 2021. Traditionally, ...
Crypto analyst Kevin Capital has raised concerns about Bitcoin’s future, pointing to a bearish pattern he believes could lead to a significant price drop, similar to a previous Market crash. He highlighted that this bearish divergence appears on Bitcoin’s weekly chart and is causing him some worry. However, he also noted that after past declines, ...
Crypto analyst Tony Severino has noted that Bitcoin’s upper price band has surpassed $105,400, suggesting potential future movements for the cryptocurrency. He predicts a significant rally could take Bitcoin as high as $170,000, drawing parallels to past price surges. Some Market experts, including Standard Chartered, even suggest an upward movement toward $200,000 is possible by ...
Amid recent price fluctuations and a Market crash, a crypto analyst has provided a positive outlook for Dogecoin, emphasizing its key support and resistance levels. The analyst highlights a strong support zone around $0.2814, suggesting that if Dogecoin breaks this level, it could spark a significant rally. Although the coin experienced a dip to $0.2626, ...
