offline
3 reasons why BTC will unlikely trade below $50,000 in the near term
BTC held the $50,000 support while derivatives indicators remained healthy, signaling investors' optimism.
...
Traders worry that the pump might have been news-driven, while the downtrend movement shall prevail. Although this is possible, derivatives indicators aren't leaning bearish, and any decent correction will likely meet strong support at $50,000.
...
Part of the uncertainty investors might have derived from the record $6.1 billion options expiry on March 26. Nevertheless, 84% of the neutral-to-bearish put options are already deemed worthless as BTC price soared above $50,000.
Moreover, CME holds $980 million futures contracts set to expire on the same day. Although buyers (longs) and sellers (shorts) are matched at all times, some traders worry that BTC prices could be pressured by futures traders looking to roll over their positions into April and May.
...
https://cointelegraph.com/news/3-reasons...-near-term
BTC held the $50,000 support while derivatives indicators remained healthy, signaling investors' optimism.
...
Traders worry that the pump might have been news-driven, while the downtrend movement shall prevail. Although this is possible, derivatives indicators aren't leaning bearish, and any decent correction will likely meet strong support at $50,000.
...
Part of the uncertainty investors might have derived from the record $6.1 billion options expiry on March 26. Nevertheless, 84% of the neutral-to-bearish put options are already deemed worthless as BTC price soared above $50,000.
Moreover, CME holds $980 million futures contracts set to expire on the same day. Although buyers (longs) and sellers (shorts) are matched at all times, some traders worry that BTC prices could be pressured by futures traders looking to roll over their positions into April and May.
...
https://cointelegraph.com/news/3-reasons...-near-term
__________________
