The Frightening Day in Bitcoin (BTC) is Over: Here is the New Price Expectation of Investors!

The price of Bitcoin (BTC) has been declining for days, especially the expectation for March 26. 

The expiration of the $ 5.5 billion option contract as of March 26 has increased fear of some investors. However, it was not expected, and the BTC price continued to rise and ended just after the maturity. Now, by looking at the options on Deribit, it can be seen what the next price expectation of Bitcoin investors is. 

Looking at the positions on the options exchange Deribit, it is seen that there is an accumulation especially for April 30, 2021. Investors of newly expired option contracts are in a very bullish, in other words upward trend, towards April 30th. 

Popular Price Targets in Bitcoin Options Contracts Looking at the options contracts dated April 30, positions include price targets such as $ 120,000, $ 100,000, $ 88,000, $ 84,000, $ 80,000, $ 76,000 and $ 70,000. The highest volume among these seems to be between $ 80,000 and $ 60,000. 

The fact that $ 84,000 is coming after the $ 60,000 positions shows that most of the investors expect a rise. Looking at the number of open positions, the $ 80,000 position is in the leading position.

Although the volume of the option market is quite small compared to the spot market, it may increase the expectations of the increase, especially by institutional and professional investors, who prefer this method. 

The fact that the bitcoin price is still in a parabolic uptrend, according to famous analyst Peter Brandt, indicates that $ 80,000 may come.