Bitcoin Price Prediction: BTC Price Over $100,000 AGAIN Soon?
Bitcoin Open Interest Surge: A Potential Breakout Signal
Recent data indicates a steady rise in Bitcoin's open interest within perpetual futures markets. This surge suggests heightened trading activity, which often precedes a Bitcoin price breakout . Analysts highlight that while a significant price movement is expected, the direction remains uncertain and dependent on further market signals.
Bitcoin and Ethereum Options Set to Expire
Today, Bitcoin and Ethereum options worth approximately $2.04 billion are set to expire. These expirations frequently cause increased market volatility as traders rebalance their positions. The maximum pain price—the level at which the most options expire worthless—is $98,000 for Bitcoin and $2,700 for Ethereum. Since Bitcoin is trading near these levels , its price action may be influenced by option settlement pressures.
Bitcoin Price Prediction: BTC Price Over $100,000 AGAIN Soon?
By TradingView -
BTCUSD_2025-02-21 (1M)
Key Price Levels and Market Outlook
Currently, Bitcoin is trading around $98,774 , with strong support levels between $91,000 and $95,000. The resistance level is near $103,900. If Bitcoin surpasses $100,000, it could trigger bullish momentum and push prices toward new highs. Conversely, if Bitcoin falls below $91,000, increased selling pressure might drive further declines. Traders are closely monitoring these key levels amid heightened activity in Bitcoin futures and options markets.
By TradingView - BTCUSD_2025-02-21 (All)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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