Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions
- Bitcoin's value rose over ten percent between April 20 and April 24, holding above $90,000.
- A weakening US dollar and growing economic concerns underpinned this price increase.
- Significant inflows totaling over $2.2 billion entered spot Bitcoin ETFs during this period.
- Bitcoin options open interest increased 25% to $37.92 billion by April 24.
- Maintaining the price above $90,000 pressures bears to cover their short positions.
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13 Articles
Market Sentiment Shifts as Bitcoin Options Suggest Potential for $100,000 Breakout Amid Caution Over Economic Factors · Cardano Feed
Bitcoin options rollover shows market expectations of a $100K breakout as traders shift focus to $95,000 and $100,000 strike prices for May expiries. Post-expiry, Bitcoin is trading at $94,581, with analysts predicting further upside due to cleared resistance and rising spot flows and ETF demand.
Bitcoin Price Analysis: Is $100K Inevitable After Recent Breakout?
Bitcoin has pulled off a clean breakout above a key resistance zone, with momentum picking up across both timeframes and confirmation coming from on-chain activity. Technical Analysis By Edris Derakhshi The Daily Chart BTC has broken above the $92,000 level after consolidating for most of April. This breakout comes after a successful reclaim of the 200-day moving average, located around the $89,000 mark, which now acts as strong support around $…

Bitcoin Headed To $135,000? Analyst Uses Fibonacci Extension To Make the Case
Bitcoin (BTC) has surged more than 10% over the past seven days and is currently trading in the low $90,000 range. Crypto analyst Titan of Crypto suggests that further gains may be on the horizon based on Fibonacci extension levels. Bitcoin May Climb To $135,000 In a post published on X today, Titan of Crypto outlined Bitcoin’s potential path to $135,000. Using Fibonacci extension levels, the analyst predicts that the flagship digital asset coul…
Bitcoin options OI swells to $38B as calls crowd at $100,000 strike price
The post Bitcoin options OI swells to $38B as calls crowd at $100,000 strike price appeared on BitcoinEthereumNews.com. Bitcoin (BTC) options open interest expanded from $30.33 billion on April 21 to $37.92 billion on April 24, a 25% jump that outpaced Bitcoin’s 5.5% rise from $87,506 to $92,352 over the same stretch. Such a swift build in notional exposure shows traders rushing to add convex positions rather than thickening linear futures books…
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