Bitcoin sell pressure may break $56K support as options expiry looms
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
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The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
Bitcoin is finding it difficult to rise above the overhead moving averages, indicating that the bears are trying to flip the level into resistance.
Bitcoin’s response to the CPI report was surprisingly muted.
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.
Based on Wednesday’s upcoming CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on track to […]
The loan saved Argo from bankruptcy during the crypto winter of 2022.
The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100.
Bitcoin bulls are trying to flip $60,000 to support, and if that happens, ETH, SUI, TAO and NOT could move higher.
Bitcoin still faces significant resistance at $62,000, and if it breaks, it would liquidate over $845 million of leveraged shorts.
Buyers are struggling to build upon Bitcoin’s sharp recovery on Aug. 8, indicating that the bears remain active at higher levels.
