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Learning & News => News related to Crypto => Topic started by: newshunter on November 28, 2020, 07:00:28 AM

Title: Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC
Post by: newshunter on November 28, 2020, 07:00:28 AM

Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Bitcoin price fell short of reaching $20,000, but record-high open interest on BTC futures shows pros are still bullish.

Source: Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC (https://cointelegraph.com/news/record-7-4b-bitcoin-futures-open-interest-shows-pros-still-expect-20k-btc)

Would appreciate your opinion about this

Title: Re: Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC
Post by: lepbagong on November 28, 2020, 08:18:35 AM

of course the highest price for bitcoin may not happen at the end of this year and I believe that the biggest value will be only in the range of $ 16K + only. But prices will increase in fact in the next year but in what month it is difficult to predict, if you look at the past halving around November and December, will it be more advanced now or the same? let us wait for the good news to walk quietly.

Title: Re: Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC
Post by: bigcash2011 on November 28, 2020, 11:28:24 AM

The trust and confidence is there in the market for bulls as many experts are predicting a 100k to 300k bitcoin in 12 to 18 months as next peak so the current price levels are still very attractive for invetsors.

Title: Re: Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC
Post by: lexington1 on November 30, 2020, 11:22:20 PM

 Do you think $BTC will break $20k before 2021? polymarket.co/as

Title: Re: Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC
Post by: TomPluz on December 01, 2020, 04:49:28 AM

This is definitely now the bull market, and we can easily conclude that the bears are now hibernating for good, though still waiting for any opportunity given their way. Soon, more and more institutional money can be coming to the BTC way, so they can be able to participate in the rise and make some good money somehow. I am sure that many people are so happy with the way things are happening with Bitcoin and even also with other cryptos like Eth specially.