Summary
- It reported that bets are increasing in the Bitcoin (BTC) options market that the price will reclaim $80,000.
- It said that as the US February Consumer Price Index (CPI) matched market expectations, bullish expectations are also expanding in the options market.
- It reported that, based on options-market position size, the probability of Bitcoin reclaiming $80,000 by the end of June is estimated at about 35%.
Forecast Trend Report by Period
Bets are increasing in the Bitcoin (BTC) options market that the price will reclaim $80,000.
According to The Block, a digital-asset focused media outlet, Bitcoin has recently been oscillating around $70,000 and is gradually regaining stability after war-driven volatility.
With the US February Consumer Price Index (CPI) released the same day coming in line with market expectations, bullish sentiment is also broadening in the options market.
Based on position size in the options market, the probability that Bitcoin reclaims $80,000 by the end of June is estimated at around 35%.
The outlet analyzed that after months of heavy selling, there are signs that market participants view the worst as having passed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
