CandleFocus Analysts Predicted a Record for Bitcoin: “US Election Results Are Irrelevant, It Can Go To This Level”
2024-10-22
Author: Content Editor
Bitcoin options traders are betting on BTC reaching a record high of $80,000 by the end of November, regardless of the outcome of the US presidential election. Investors are primarily opting for call options, indicating growing optimism about Bitcoin's future performance. The political landscape, potential Fed rate cuts, and inflation are fueling market optimism. The put-to-call ratio is trending lower, suggesting more investors are buying calls than puts. Traders expect Bitcoin to break out and see limited downside after the election. The higher premiums for call options suggest investors are bullish. Opinions are more divided for non-Bitcoin cryptocurrencies.
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