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Bitcoin bulls target prices above $58K ahead of Friday’s $820M options expiry
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Everyone is talking about a six-figure Bitcoin (BTC) price now that the digital asset has broken out of its multi-month downtrend and confirmed that a bullish trend is in play.
If Bitcoin happens to enter a parabolic move toward $110,000, that would finally match PlanB’s Stock-to-Flow model prediction. According to the pseudonymous analyst, the scarcity and valuation of gold and other precious metals and “Elon Musk’s energy FUD and China’s mining crackdown” are a few of the factors responsible for the past five months of 50% or higher inaccuracy in the model.
Bulls’ hopes mostly cling to an exchange-traded fund being approved by the United States Securities and Exchange Commission. Currently, there are multiple requests pending review
Read more on cointelegraph.comAbout this in other media
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Friday’s jaw-breaking $3.2B Bitcoin options expiry could kick-start a new rally cointelegraph.com /3 years ago
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