$Strategy (MSTR.US)$ Some analysts are warning that Bitcoin...

Bitcoin swings: What’s next for the Crypto craze?

Views 19.4M Contents 2115

105044035 joined discussion · Nov 26, 2024 00:31

Some analysts are warning that Bitcoin’s price could surge in coming days as options traders who bet on a decline in the cryptocurrency’s price are forced to buy BTC to cover potential losses. With Bitcoin rallying more than 30% since the November 5 U.S. election, many options traders who bet on a decline in the price are in the red and facing losses as the month closes out.

Options traders buying Bitcoin to stem their losses could push the price of BTC above the key threshold of $100,000, say some analysts. Bitcoin is currently trading at $96,125, having gained 132% so far in 2024. Crypto bulls are eagerly awaiting for the digital asset to rise above the $100,000 milestone.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

14K Views

Comment

104167193 : source?

Report
Reply

Cancel Reply
105044035 OP 104167193 : com/news/bitcoi...

Report
Reply

Cancel Reply
72423057 :

Report
Reply

Cancel Reply
72423057 : Options trading expires at the end of the month, and many bearish buyers want to close their positions, which may push up the price of Bitcoin, from the following website:
tipranks.com/ne...

Report
Reply

Cancel Reply

105044035

Followers

Following

Visitors