🔥🔥Bitcoin Bulls Eye $75K 🔥🔥

According to TradingView data, Bitcoin$BTC

(BTC) is on a three-week winning streak for the first time since February. This rally is attributed to investors turning to call options and suggests asymmetric upside potential above $75,000.

The leading cryptocurrency by market cap is up more than 3% in the seven days to September 29. China’s stimulus announcement and more than a month of BTC supply inflows into spot ETFs in the US supported the cryptocurrency’s upward movement.

According to Amberdata data, interest in $75,000 options on crypto exchange Deribit has also increased as prices rose.

“This flow pattern is giving bullish signals for spot prices and triggering acceleration in price action,” said Greg Magadini, Director of Derivatives at Amberdata.

Senior analyst Peter Brandt said that these developments indicate that the cryptocurrency may be breaking out of the six-month correction trend known as the “expanding triangle.” “A break above $75,000 could lead to a rapid rally from all-time highs to $100,000,” Magadini said.

My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is someone who still does not follow me, I would be glad if they did. Please like my articles and posts. Thank you.