Bitcoin futures data hints at $22K as the next logical step
BTC derivatives flipped bearish after Bitcoin failed to establish bullish momentum despite the heightened spot ETF prospects.
BTC derivatives flipped bearish after Bitcoin failed to establish bullish momentum despite the heightened spot ETF prospects.
BTC futures and options data show pro traders’ sentiment was not impacted despite last week’s 11.4% correction.
Bitcoin’s price remains range-bound as equities, gold and U.S. Treasurys offer competitive rates with reduced risk. This week’s CPI report could shake things up.
As investors’ euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact the BTC price.
Ethereum price looks poised for additional downside as low as the $1,560 level.
Bitcoin’s price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable, according to derivatives data.
Ether could eventually run afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level.
Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.
Professional Bitcoin traders displayed strength after the BTC price corrected to $25,830, favoring further bullish momentum.
The failed rally above $2,000 on May 6 has proven that ETH bulls are nowhere near comfortable adding leveraged longs.