Coinbry

  • Market Cap: $2,513,623,013,782.82
  • 24h Vol: $71,509,304,594.93
  • BTC Dominance: 50.89%
3 Reasons Why Bitcoin's Bull Run May Not Be Finished

3 Reasons Why Bitcoin’s Bull Run May Not Be Finished

Bitcoin’s bullish momentum continues as it approaches the $35,000 mark.

Notable developments supporting the bullish trend include the formation of a golden cross between the 50-day and 200-day moving averages on the daily chart.

Liquidity maps suggest the potential for a short squeeze between the $36,300 and $40,000 range if Bitcoin surpasses the $36,300 level.

Options market data indicates a shift in sentiment and positioning, with a possibility of further price upside and a potential gamma event in the $35,000 to $40,000 range.

Daily option volumes have surged in the derivatives market, reflecting increased interest in Bitcoin.

Technical analysis points to a bull pennant pattern and the formation of a golden cross on the daily chart.

Traders are watching for a price move through the $36,300 level that could trigger short liquidations and a surge in spot buying volumes.

The Bitcoin gamma squeeze from last week could happen again if BTC/USD moves higher to $35,750 – $36,000.

Investment advice and recommendations are not provided in this article. Readers should conduct their own research before making any decisions.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.