Bitcoin is struggling to turn $18,000 to support and noshitcoins explains why bears will fight for their lives in this week's $370 million BTC options expiry.
) broke above $18,000 for the first time in 34 days, marking a 16.5% gain from the $15,500 low on Nov. 21. The move followed a 3% gain in the S&P 500 futures in 3 days, which reclaimed the critical 4,000 points support.While BTC price started the day in favor of bulls, investors anxiously awaited the U.S. Federal Reserve Committee's decision on interest rates, along with Fed chair Jerome Powell's remarks. The subsequent 0.
Until there's a clearer guide on the economic policies of the world's largest economy, Bitcoin traders are likely to remain skeptical of a sustained price movement, regardless of the direction.The open interest for the Dec. 16 options expiry is $370 million, but the actual figure will be lower since bears were caught off-guard after the move to $18,000 on Dec. 14.
This crude estimate considers the put options used in bearish bets and the call options exclusively in neutral-to-bullish trades. Even so, this oversimplification disregards more complex investment strategies.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’Giant crypto exchange Binance experienced withdrawals totaling 30 thousand Bitcoin on Dec 13. According to CZ, 'FUD helps us grow, even though they are thoroughly annoying'.
Leer más »
Bitcoin bear market 70% dip kills BTC 'tourists' as metric screams buyBitcoin risk-return is rarely this good, PositiveCrypto argues citing the latest on-chain data.
Leer más »
Valhalla and Cockpunch NFTs draw in combined $18 million in seven daysComing in at third and fourth on NFT charts respectively, the projects earned ample sales volume despite depressed market conditions.
Leer más »
GM rappelle plus de 825 000 véhicules | Actualités automobile | Auto123Pour la deuxième fois en autant de mois, GM rappelle des centaines de milliers de véhicules pour régler un problème avec les phares de jour. Auto123.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision – Market Updates Bitcoin NewsBitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Rallies to 1-Month High, as ETH Nears $1,300 – Market Updates Bitcoin NewsBitcoin surged to a one-month high on Dec. 13, ahead of the upcoming inflation report from the United States.
Leer más »