Bitcoin bulls gain edge, target $110K ahead of $20B monthly options expiry
Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, raising the chances for a rally to $110,000.
Key takeaway:
Bitcoin bulls aim to secure the $105K support as $20B in monthly options expire on Friday.
Bitcoin (BTC) traders are closely watching the $20 billion monthly options expiry set for Friday. Although Bitcoin is down 1.5% over the past 30 days, traders who used options to hedge against downside risk were already bracing for a steeper decline.
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