š„š„š„ Is #bitcoināļø Poised for a Breakout? $100K Call Options Signal Big Expectations
Bitcoin Holds Strong Above $60,000 as Institutions Bet on $100,000
Institutional Optimism for Year-End Rally
- Bitcoin remains robust above $60,000, with institutional investors placing big bets on a $100,000 price by year-end.
Despite recent Bitcoin sell-offs from Mt. #Gox and German government actions, Bitcoin's resilience is driving strategic investments in December call options.
Market Insights and Institutional Confidence
- #QCP Capital reveals that institutional confidence is undeterred by increased Bitcoin supply. The focus on $100,000 call options shows a strong belief in significant gains, driven by upcoming market catalysts like the US elections.
Stable Trading Range
- Bitcoin is stabilizing within a $61,000 to $71,000 range, providing a solid backdrop for large bets. With funding rates normalizing and volatility easing, the market is gearing up for a potential breakout. Significant trades are centered around the $67,000 mark, reflecting optimism for a year-end surge.
Currently, Bitcoin is trading at $66,331, up 2.6% in the past 24 hours.
Source - newsbtc.com
