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My dear followers, Bitcoin will reach 100,000 in April. Save your coins, we analyze and work hard, and you must follow me to receive all new updates.

Bitcoin's rally continues, analyst predicts $100K mark by April's end

Key points:

Analyst Fred Krueger predicts BTC could reach $100,000 by April. Long-term price targets of $200,000 to $1 million are expected by the next halving cycle.

However, Ethereum's programmability poses a potential threat to Bitcoin's dominance.

News - Bitcoin's meteoric rise has been nothing short of extraordinary, with the leading cryptocurrency maintaining a double-digit rally since the fourth quarter of 2023. Well, after a 56.8% surge in Q4 2023, BTC has continued its rally in Q1 2024, currently boasting a gain of over 60%.

Fred Krueger, a prominent tech investor and Bitcoin advocate, believes the current market conditions present a highly favorable opportunity for Bitcoin. He emphasizes that "Bitcoin's risk-reward ratio is the best it's ever been."

My prediction for Bitcoin is that the correction that occurred from the peak at 73777 will end
officially
According to the analysis on the 4-hour frame
Firstly, the lines of the moving averages 99 and 25 intersected in an upward manner at the last low that Bitcoin reached today at 68359.18.
Secondly, an engulfing candle appears immediately after the bottom at which the crossover occurred

The next pump is xrb, and here I am recommending it to you. It will explode. Follow me to receive everything new. We publish free recommendations. All you have to do is follow me to receive my sweet recommendations.

Guys, I strongly advise you to buy DOGE currency, its target is $1

Yesterday, you saw some posts that some whales sold amounts of their pepe currency and that it will decrease, but today the opposite has increased. Therefore, if you saw my post before this, I warn you against some recommendations because the whales are the ones who publish them, and they are nothing but mines for us, so beware of some posts.

Follow me to receive every post I make

Most of the people who send news to their wallets are investors with high quantities who instill fear in those who are younger than them and give them negative news in order to make them sell at a loss. They are the ones who buy from us. Everyone holds on to their currencies and do not believe them. The market is going up, going up, if it does not go up today then tomorrow, and if it does not go up this week, it will go up in the future. The important second week is to hold on to your coins and do not believe what they say and remember my words

Guys, after you put AEVO currency on the market, everyone will sell bnb and therefore it will go down, so be careful.

Guys, do not be afraid. The more the correction, the more the rise after that. Keep your coins and there is no need to be afraid.

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Institutional interest in Bitcoin options surges as open interest reaches $12.5B

Bitcoin options market witnessed significant activity with $2.75 billion in options on Deribit following recent expiry

Open Interest hits $12.5 billion, dominated by December 2023 calls and a shift in top strike prices towards $40,000

As Bitcoin's price surged recently, it attracted interest not only from retail investors but also from institutional players. The options market for BTC was highly active, with $2.75 billion worth of Bitcoin options on Deribit following the recent options expiry.

Open Interest reached levels reminiscent of 2021, totaling $12.5 billion at the moment. The majority of OI was associated with December 2023 calls, followed by November 2023 calls.

Regarding specific strike prices, there was a shift in the top strike prices, moving from the range of 29,000 to 32,500 to reaching 40,000. Short gamma positions were notable in the market, particularly from 36,000 to 40,000, indicating sensitivity to Bitcoin's price movements for those who had sold options.

Bitcoin maintained stability above $34,000 for five consecutive days. Long-term holders held their positions, while some long-term holders decided to take profits, marking a significant profit-taking event. Nonetheless, this profit-taking event might not have a substantial long-term impact.