Dear friends, After experiencing a brief correction from its all-time high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of a new upward trend. At the time of writing, Bitcoin is trading at $34,500, successfully recovering the losses incurred during the recent correction on Tuesday. Over the past 24 hours, Bitcoin has maintained a 1.4% increase.
Another encouraging sign for Bitcoin's prospects is the open interest in call options, which recently surpassed $10 billion. To put it into perspective, during the peak of the 2021 price rally, open interest in call options reached $9.9 billion.
This significant milestone indicates that market participants are increasingly positioning themselves for Bitcoin's potential price increase. The growing number of call options suggests optimistic sentiment among traders and further raises expectations of price growth.
Considering these factors, it would not be surprising if this upward trend reaches $40,020 in the near future. What about you? Do you agree with my viewpoint?
Another encouraging sign for Bitcoin's prospects is the open interest in call options, which recently surpassed $10 billion. To put it into perspective, during the peak of the 2021 price rally, open interest in call options reached $9.9 billion.
This significant milestone indicates that market participants are increasingly positioning themselves for Bitcoin's potential price increase. The growing number of call options suggests optimistic sentiment among traders and further raises expectations of price growth.
Considering these factors, it would not be surprising if this upward trend reaches $40,020 in the near future. What about you? Do you agree with my viewpoint?
