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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tanimariya on March 26, 2021, 02:42:51 PM

Title: Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor
Post by: Tanimariya on March 26, 2021, 02:42:51 PM
BTC held support around $50K and is approaching resistance around $56K.
Bitcoin rose for the first time in three days as traders looked past Friday’s record $6 billion expiration of option contracts to a stronger market next week as April begins.

“Returns after prior bitcoin options expiration dates have tended to be positive,” David Grider, strategist at Fundstrat, told clients in an email. “The market is calm based on bitcoin VIX falling, with room to fall further.”
 Source Link

 (https://www.coindesk.com/bitcoin-rises-oversold-resistance-56k)