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Author Topic: Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment  (Read 468 times)

Offline newshunter

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Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment
« on: January 03, 2022, 07:00:54 PM »
Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment

Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.


Source: Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment

Would appreciate your opinion about this
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Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment
« on: January 03, 2022, 07:00:54 PM »

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Re: Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment
« Reply #1 on: January 04, 2022, 10:12:07 AM »
If I understand correctly, the market is dominated by a bearish trend and now there is a possibility of the price falling below $47,000. I think, nevertheless, the bears will be able to lower the BTC price even lower, especially since the forecasts made by some traders signal the level of $37,000-$39,000 and this is quite likely.
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