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Learning & News => News related to Crypto => Topic started by: newshunter on January 03, 2022, 07:00:54 PM

Title: Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment
Post by: newshunter 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 (https://cointelegraph.com/news/bitcoin-s-6-1-billion-options-expiry-was-not-enough-to-break-the-bearish-sentiment)

Would appreciate your opinion about this

Title: Re: Bitcoin's $6.1 billion options expiry was not enough to break the bearish sentiment
Post by: Gravatai 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.