If Bitcoin Crosses $10,500, a New Highs Would be โ€œOn the Horizonโ€: Analyst

Over the past eight weeks, Bitcoin has surged past resistance after resistance in its rally from $3,700 to $9,700 โ€” the price as of the time of this articleโ€™s writing. This move has been undoubtedly impressive, with the price action attracting mainstream media attention and Wall Street investors. However, analysts say itโ€™s not clear skies ahead for Bitcoin just yet, pointing to a key resistance the cryptocurrency is rubbing up against. Related Reading: Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto Bitcoin Crossing $10,500 Will Open…

If Bitcoin Crosses $10,500, a New Highs Would be “On the Horizon”: Analyst

Over the past eight weeks, Bitcoin has surged past resistance after resistance in its rally from $3,700 to $9,700 โ€” the price as of the time of this articleโ€™s writing. This move has been undoubtedly impressive, with the price action attracting mainstream media attention and Wall Street investors. However, analysts say itโ€™s not clear skies ahead for Bitcoin just yet, pointing to a key resistance the cryptocurrency is rubbing up against. Related Reading: Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto Bitcoin Crossing $10,500 Will Open…

Bitcoin Halving, BUY NOW? WAIT? Price Breaking Out On News of HUGE INVESTOR'S BTC PLAY

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Record CME BTC Open Interest Shows Institutions Bullish on Bitcoin Price

Bitcoinโ€™s (BTC) options markets are finally taking off at CME. This week Cointelegraph reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call options. The buyer of a call option can acquire Bitcoin for a fixed price on a predetermined date. For that privilege, this investor pays an upfront premium for the call option seller. CME Bitcoin Options Volumes – USD. Source: Skew As halving uncertainties became less of a risk, institutional investors began mounting bullish positions. Despite being more…

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