Crypto Derivatives Exchange Deribit adds Bitcoin Options with a strike price of $ 300K. It will expire in December 2021.
Indeed, the move is extremely bullish for Bitcoin. Thus, traders who enter this position estimate that the price of the cryptocurrency will exceed $ 300,000.
Second, the market-leading cryptocurrency has recovered significantly in recent months. It hit an all-time high of $ 41,500 earlier this week.
In fact, Crypto data shows that Bitcoin’s bull run has continued to accelerate. It only takes 2 days to reach $ 40,000 versus $ 35,000.
According to a trader, the upper trendline on the Bitcoin charts has been broken. Likewise, the price trend since October will continue to accelerate at a higher rate, entering a parabola. His analysis reveals that prices of $ 60,000, $ 80,000 and $ 100,000 are a possibility this month.
Driven by this accelerated price rally, the cryptocurrency’s market cap has also increased. It overtakes big companies like Berkshire Hathaway and Visa.
Finally, the vertical price movement has surprised many who think a correction is imminent. But the evolution of the market does not surprise some people too much.
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