Bitcoin Price Holds The Line, But Can Bulls Force A Break Higher?
Bitcoin price corrected gains and tested the $67,500 support. BTC is now recovering and might aim for an upside break above $69,500.
Today is a crucial day in the cryptocurrency market, as more than $14 billion worth of Bitcoin and Ethereum options are due to expire. Such a huge expiration may result in significant price changes and trading volumes. Currently, Bitcoin is trading at around $85,000, down by 3% from earlier this week.
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Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term.
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Bitcoin price started a recovery wave above $68,500. BTC is now struggling to clear $72,000 and might start another decline in the near term.