Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic
A mild sense of hope emerged among Bitcoin (BTC) investors after the June 18 drop to $17,600 becomes more distant and an early ascending pattern …
Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip
Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price …
Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip Read More »
Ethereum risks ‘bull trap’ after 25% ETH price rebound
Ethereum’s token Ether (ETH) could be entering a “bull trap” zone after rebounding back above the $1,000 mark from 18-month lows of $885. Ether price …
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Friday’s $2.25B Bitcoin options expiry might prove that $17.6K wasn’t BTC’s bottom
Bitcoin (BTC) has been trying to break out of a descending trend for the past week and the first attempt on June 16 failed to …
Friday’s $2.25B Bitcoin options expiry might prove that $17.6K wasn’t BTC’s bottom Read More »
Bitcoin futures enter backwardation for the first time in a year
Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current …
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Ethereum price risks a drop below $1K if these key price metrics turn bearish
Ether (ETH) price is down 37.5% in the last 7 days and recent news reported that developers decided to postpone the network’s migration to a …
Ethereum price risks a drop below $1K if these key price metrics turn bearish Read More »
Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions
Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at …
This key Ethereum price metric shows ETH traders aren’t as bearish as they appear
Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to …
This key Ethereum price metric shows ETH traders aren’t as bearish as they appear Read More »
Bitcoin derivatives data forecasts sub-$30K BTC price heading into Friday’s $800M options expiry
Bitcoin (BTC) briefly broke above $32,000 on May 31, but the excitement lasted less than 4 hours after the resistance level proved to be tougher …
Bitcoin bears have plenty of reasons to hold BTC price below $32,000
Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance …
Bitcoin bears have plenty of reasons to hold BTC price below $32,000 Read More »