A mark of $9,000 on the horizon?

13.01.2020 12:02:33

According to various analysts' forecasts published on Twitter, Bitcoin will soon enter a new phase, which will bring growth to $9,000. Now, Bitcoin is at an early stage of a possible bullish rally that will begin after the accumulation phase.

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Last week, many analysts attributed the rise in Bitcoin prices to a worsening situation in the Middle East. As we see today, the situation in the Middle East is starting to stabilize, but the price of Bitcoin is above $8,000. At the time of publication, the price of Bitcoin is $8,097 on Bitstamp. That is, the price has already shown a reaction and it seems that it is not going to fall below the psychological mark of $8,000 soon.

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At the moment, the opinions of analysts are divided. Some suggest that the price of Bitcoin will reach $9,000, and then a rollback to the $7,000 area will follow. Bears are set to further lower the price of bitcoin up to $7,000.

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If you pay attention to Bitcoin options, then in early December 2019, the first CALL options with the expiration of January 3 had a strike price of $7,500. And options with an expiration date of March 9, 2020 had a strike price of $9,000 and $10,000. An analysis of the options market demonstrates that investors are optimistic and the current pullbacks can be used as entry points to the market for long-term transactions.