This Event Causes Bitcoin Traders’ Sentiment To Rise, Will BTC Surpass $30,000?
The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The rise in this metric could hint at a shift in the narratives influencing BTC’s price action.
As of this writing, Bitcoin trades at $29,300 with sideways movement in the last 24 hours. In the previous seven days, the cryptocurrency saw similar action pushing other assets in a similar direction or no direction as the sector flatlines in the short term.
And “smart” traders are positioning accordingly. The report notes that the open interest for options contracts is skewed to the call (buy) side.
