High Volatility Coming For Bitcoin: Here’s What To Know
Bitcoin (BTC) had one of its best moments of the year earlier this week, hitting $80,000 after months of struggle. CoinGecko data shows that Bitcoin has risen by more than 25% in the 14-day and monthly charts. BTC is currently facing substantial resistance at the $80,000 mark, and the asset could face increased volatility in the coming days. Let’s discuss if Bitcoin (BTC) face a price dip soon, or if the asset will continue to rally. Source: CoinGecko Bitcoin To Face A Price Dip Soon? Source: KuCoin While Bitcoin’s (BTC) latest was much needed and commendable, the asset may be heading into volatile territory. BTC will a $6.36 billion options expiry on Deribit this Friday. Roughly 81,000 Bitcoin (BTC) contracts are set to expire, with max pain at $69,000 and a put/call ratio of 0.85. We could see violent price swings in the coming days. VOLATILITY ALERT: A massive $6.36 BILLION Bitcoin options expiry hits Deribit this Friday at 8 AM UTC. Around 81,000 bitcoin:native contracts...