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Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»BTC will be $_______ at the end of September
Web 3

BTC will be $_______ at the end of September

2024-05-08No Comments1 Min Read
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TL; DR

Full story

You know those insufferable YouTube thumbnails where the host makes a cartoonish shocked face?

(Á la, Edvard Munch’s ‘The Scream’ ☝️).

They annoy us as much as the next person – but if there was ever a time to use one, it would be with this prediction…

“Bitcoin will be above $100,000 in September.”

That’s a bold statement.

Especially after Bitcoin fell from $65.5k to $63k this past Monday and Tuesday…

But that’s the bet Bitcoin options traders are making right now.

In short, options = the option to purchase an asset at a certain price in the future.

And right now, strangely enough, there is interest in buying the option to buy Bitcoin for somewhere between $75,000 and $100,000 in September.

This means that the BTC options market seems to think that buying BTC for $75k-$100k in September is a profitable trade.

Which seems disinterested…

But that also applies to their bets from last year, where we bet that we would see a BTC of over $70,000 in March 2024 – and they nailed it!

Let’s hope they are right again.

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See also  The next phase of the Web3 evolution will be powered by zero-knowledge technology
_______ BTC September
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