Here’s Why Bitcoin Could Reach $21,000 by Friday
Bitcoin’s value has been trying to surpass the $20,500 mark for the past 35 days with limited success. The latest failed attempt was October 6, but bears (people who believe the stock price will go down) have stood their ground on four different instances since BTC was valued under $18,500 during that period. JUST IN: $510,000,000 worth of #Bitcoin options expire Friday. — Watcher.Guru (@WatcherGuru) October 19, 2022 This week’s $510 million options expiry is especially important for bears because they need to keep the momentum going. But investors are uncertain of BTC’s real bottom value since the support level goes down every time it is tested. Bears and Bulls Place Bitcoin Bets Previously, bears were overly confident . They placed bets that Bitcoin would be at $17,500 instead of its $19,000 figure on October 13. With Bitcoin standing at about $19,000 at the time of writing, most bearish bets will most likely be fruitless. Bulls (people w...