Tag: 80k

Bitcoin has stalled, but here’s why pro traders still expect $80K by January

Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it shall prevail. For example, those analyzing the 3-day Bitcoin (BTC) chart will unarguably identify an ascending channel pattern that initiated in late June. Bitcoin price in USD on FTX. Source: Tradingview Bears will also always find ways to justify their views despite the fact that Bitcoin has hit new all-time highs following the United States consumer price surge to 6.2%, which is the biggest inflation surge in 30…

Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target

Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line from the bears who handily rejected the attempt. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what traders and analysts are saying about Bitcoin’s current price action and what they expect in the short term.…

Fintech panel forecasts $80K BTC price top this year — Finder poll

A favorable macro environment, strong on-chain fundamentals and the approval of new futures-based exchange-traded funds (ETFs) in the United States are set to launch Bitcoin (BTC) to new all-time highs this quarter, according to a survey of fintech industry specialists commissioned by Finder. The 50-person industry panel expects Bitcoin to peak just above $80,000 this quarter before ending the year at around $71,400. The flagship digital currency is trading at $62,600 on Tuesday, according to Cointelegraph Markets Pro. An $80,000 target represents 28% more upside for BTC in the coming…

Bitcoin falls below $58K as Bloomberg eyes $80K BTC price in Q2

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Bitcoin (BTC) reversed recent gains to lose 1.5% on April 6 as bulls were kept frustrated with no sign of an attack on all-time highs  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin will “likely” squash $60,000 resistance Cointelegraph Markets Pro and TradingView showed local lows of $57,340 hitting during Tuesday after another failed attempt at tackling $60,000 resistance. Despite being a matter of thousands of dollars away from all-time highs of $61,700, BTC/USD has been unable to drive sellers away for good. While thinning out, the last band of…

Over $6B in Bitcoin Options Set to Expire Today, April Contracts Show Bets for $80K per BTC – Bitcoin News

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A number of options traders are betting that bitcoin prices will tap $80,000 by May 2021. Meanwhile, over 100,000 bitcoin options worth more than $6 billion are set to expire on Friday, smashing the previous record expiry seen in January. $6 Billion in Bitcoin Options Set to Drop, April Bets Target $80,000 per Bitcoin Today on March 26, 2021, the crypto ecosystem is about to witness one of the largest options expiries to-date as more than 100k bitcoin options will expire. Today’s $6 billion worth of expiries exceeds the last…

Options traders target $80K by May, Skew suggests just 6% chance they’re right

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With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that Bitcoin will once again soar to new all-time highs in the coming weeks. On March 24, the founders of crypto analytics firm Glassnode tweeted data suggesting that options traders on peer-to-peer crypto derivatives exchange, Deribit, are loading up on contracts set to expire on April 30 with a strike price of $80,000. Contracts worth a notional value of 4,000 BTC have been purchased targeting the price-point in total, more than…

High priced $80K Bitcoin options signal pro traders expect more upside

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Betting on an $80,000 Bitcoin call options for June doesn’t seem outrageous given BTC’s bullish performance over the past few weeks. This was not the case a couple of months ago when BTC peaked at $42,000 on Jan. 8 and subsequently dropped to the $30,000 level.  Bitcoin price, USD. Source: TradingView At that time, a 150% upside was needed from the $32,000 price on Jan. 26, and this seemed quite far-fetched. Therefore, the June $80,000 BTC call (buy) options traded at Deribit for $2,240, or 0.07 BTC. BTC $80,000 June…

$80K Bitcoin and $3K Ethereum?

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Frank Holmes, CEO/CIO of US Global Investors, believes Bitcoin and Ethereum could reach $80,000 and $3,000 respectively in 2021. He also sees the possibility of Bitcoin dropping to $20,000 and Ethereum dropping to $500. This wide spread is derived from a philosophy he calls the DNA of volatility. DNA of volatility According to Holmes, each asset class has its own DNA of volatility, or the typical percentage of price fluctuation over a period of time. He finds it particularly intriguing when two different assets have similar volatilities. In this interview,…

Bitcoin Analyst: BTC Could Test the $80k – $90k Region by mid-2021

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Summary: Bitcoin analyst, MagicPoopCannon has postulated that BTC could test the $80k to $90k price area by mid next year He cites that Bitcoin has followed a beautiful rising arc pattern since the days of Satoshi This arc points to $14k being broken, $20k being retested and the possibility of $80k – $90k by mid-2021 Weekly RSI is in overbought territory and is known to mark Bitcoin bull runs Veteran Bitcoin analyst, MagicPoopCannon, has provided a macro-analysis of BTC in which he sees the King of Crypto testing the $80,000…