Bitcoin Options Shift Has Some Bulls Calling $40,000 the Bottom
From bnnbloomberg.ca
Investors searching for clues as to where Bitcoin is headed next may want to take a look at what the options market is signaling. The world’s largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday. The drop put holders on edge. For one, it marked a downturn of roughly 40% from the coin’s record high in November. It also served as a test of what is seen by several technical analysts as a key support level: $40,000. Now Bitcoin appears to have stabilized, and options activity suggests investors believe the test of $40,000 is over, and more upside is ahead, ...
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