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."
توقعاتي للبيتكوين انتهاء التصحيح الذي حصل من القمة 73777 بشكل رسمي وفق التحليل على فريم ال 4 ساعات اولا لتقاطع خطوط المتوسطات المتحركة 99 و 25 بشكل صاعد عند اخر قاع وصل له البيتكوين اليوم 68359.18 ثانيا لظهور شمعة ابتلاعية مباشرة بعد القاع الذي حصل عنده التقاطع
شفتو امس حصلنا بعض المنشورات ان في بعض الحيتان قامو ببيع مبالغ من عمله pepe وانها سوف تنخفظ ولكن اليوم العكس ارتفعت لذلك لو شفتو منشوري الذي قبل هاذا وانا احذركم من بعض التوصيات لان الحيتان هم من ينشروها وما هي الا الغام لنا لذلك احذر من بعض المنشورات
اكثر من يرسل الاخبار في المحفظه هم مستثمرين بكميات عاليه يزرعون الخوف في من هم اصغر منهم ويعطوهم اخبار سلبيه لكي يخلوهم يبيعو بخساره وهم من يشترو منا كل يتمسك بعملاته ولا تصدقو لهم السوق صاعد صاعد ان لم يصعد اليوم فغدآ وان لم يصعد هاذا الاسبوع فسوف يصعد في الاسبوع الثاني المهم تمسك بعملاتك ولا تصدق لكلامهم وعتذكرو كلامي
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.