When bitcoin options expire, there is no other option, the price went out of the $ 50,000 channel to search for the top, trying to seek $ 58,400, retreating up to $ 57,000, that is, always correcting and breaking to reach new highs. If it exceeds the bearish channel resistance, it will fetch the price at $ 60,000 and become a new resistance.
Once this resistance to $ 60,000 is overcome, the speed of reaching a high will be strong, and I think everyone will keep an eye on this resistance. It will either break the $ 57,400 down, or up, creating expectations for a new historic high.
If you bought and are expecting a new rise, expect these normal correction movements, and remember that we are in a bullish cycle.
High channel photo
If he follows the pattern of the cycle shown above, he will reach $ 80,000 according to the image .... It is ... I guarantee that whoever invested is sweating cold and waiting for the new moves of bitcoin to decide a new high of $ 80,000 ...
On a positive note, brokers are receiving historic highs of $ 10 billion stablecoins. What does this indicate? If many are playing USDC, Thether, among other stablecoins into the exchanger, it is clear that she is looking to buy bitcoin, further boosting its rise.
