Bitcoin (CRYPTO: BTC) has seen significant gains, closing seven consecutive months in the green for the first time. Analysts are optimistic about Bitcoin's bullish momentum, anticipating a $150,000 peak.
What Happened: MicroStrategy chairman Michael Saylor tweeted that "Bitcoin is better" as gold reached all-time highs.
MicroStrategy owns 214,246 Bitcoins.
Analysts point to the upcoming quarterly expiry of Bitcoin and Ethereum option contracts on Deribit, which could lead to price volatility. Contracts worth $9.5 billion (Bitcoin) and $5.7 billion (Ethereum) will settle on Friday, March 29.
Why It Matters: Bitcoin prices briefly breached the $71,400 mark in Thursday trading. At the time of writing, Bitcoin is changing hands at $70,687, up 3% in the past 24 hours. Pseudonymous trader Altcoin Sherpa tweeted:
$BTC: Next level up, let's see the reactions at the highs
— Altcoin Sherpa (@AltcoinSherpa) March 28, 2024
CoinGlass data shows a 3.2% increase in open interest to 38.9 billion. In the past four hours, liquidations totalled 4.72 million, with $4.01 million in long positions, indicating strong bullish sentiment.
Crypto trader Jelle states that Bitcoin is 4% away from a "huge breakout."
He points to previous breakouts from all-time highs leading to "3 weeks of rapid expansion, more than doubling prices in the process."
#Bitcoin is less than 4% away from a huge breakout!
The previous all-time high breakouts (April 2017, and December 2020) both led to 3 weeks of rapid expansion, more than doubling prices in the process.
If this pattern repeats — we'd push to ±$150,000 in less than a month
— Jelle (@CryptoJelleNL) March 28, 2024
Another crypto analyst, Benjamin Cowen, measured the market cycles from peak to peak, using April 2021 as the top instead of November 2021.
With the Bitcoin halving event on the horizon and the significant 16% gains in Bitcoin prices over the past month, traders are keen to explore how to buy spot Bitcoin ETFs.
These topics are expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
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比特币（加密货币：BTC）大幅上涨，首次连续七个月收盘上涨。分析师对比特币的看涨势头持乐观态度，预计将达到15万美元的峰值。
发生了什么：微策略董事长迈克尔·塞勒在推特上说，随着黄金创下历史新高，“比特币更好”。
MicroStrategy 拥有 214,246 个比特币。
分析师指出，Deribit上的比特币和以太坊期权合约即将到期，这可能会导致价格波动。价值95亿美元（比特币）和57亿美元（以太坊）的合约将于3月29日星期五结算。
为何重要：比特币价格在周四的交易中短暂突破了71,400美元大关。在撰写本文时，比特币的易手价格为70,687美元，在过去24小时内上涨了3％。化名交易员 Altcoin Sherpa 在推特上说：
$BTC：下一个级别向上，让我们看看高点的反应
— Altcoin Sherpa (@AltcoinSherpa) 2024 年 3 月 28 日
CoinGlass的数据显示，未平仓合约增长了3.2％，达到389亿美元。在过去的四个小时中，清算总额为472万澳元，多头头寸为401万美元，显示出强烈的看涨情绪。
加密货币交易员杰勒表示，比特币距离 “巨大突破” 还有4％的距离。
他指出，此前曾突破历史新高，导致 “3周的快速扩张，在此过程中价格翻了一番多”。
#Bitcoin 距离大规模突破还有不到 4% 的距离！
之前的历史新高（2017年4月和2020年12月）均导致了为期3周的快速扩张，在此过程中价格翻了一番多。
如果这种模式重演，我们将在不到一个月的时间内推高至±150,000美元
— Jelle (@CryptoJelleNL) 2024 年 3 月 28 日
另一位加密分析师本杰明·考恩以2021年4月而不是2021年11月为最高点，衡量了从高峰到峰值的市场周期。
随着比特币减半事件的临近以及过去一个月比特币价格大幅上涨16％，交易者热衷于探索如何购买现货比特币ETF。
预计将在11月19日Benzinga即将举行的数字资产未来活动中对这些话题进行深入探讨。
使用 Midjourney 使用人工智能创建的图像。
