Bitcoin over 70K?

If these conditions repeat, bitcoin could rise another 30% in the next few days.


Key facts:

  • Bitcoin would pass $ 70,000 if the pattern of past months holds.
  • When big option sellouts approach, bitcoin remains lower.


After a few days of relative calm for the price of bitcoin, oscillating between 53,000 and 60,000 dollars per currency, a new impulse could come in the next few days. This is how the analyst and influencer linked to bitcoin, Juan Rodríguez, known as @juanbiter in social networks, considers it.


Just this Friday, March 26, the equivalent of 6,000 million dollars in contracts in this market is settled, according to Deribit records . The analyst pointed out that, as dates like this approach, the pressure of large whales that provide liquidity to the market grows to move the price of the cryptocurrency in any of the directions, according to their convenience.


Typically, these whales target the " Max Pain Price ", or the price at which the cryptocurrency would make investors lose more money. Hence, the interest of the sellers (the house, as @juanbiter calls them ) to affect the market valuation of BTC. For this wave of contracts to be settled, the price of the biggest losses would be $ 44,000 per bitcoin. Whales would target that price, although it would mean a drop of around 20% with respect to the price of the cryptocurrency, which is currently around $ 55,000, according to the price section of CriptoNoticias.


Thoughts?

https://www.criptonoticias.com/mercados/si-condiciones-repiten-bitcoin-podria-subir-30-proximos-dias/ Si estas condiciones se repiten, bitcoin podría subir otro 30% en los próximos días El analista e influencer @juanbiter ve posible un alza importante tras el vencimiento de opciones en el mercado de derivados de bitcoin.
Feasible?
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🤷‍♂ Poll
💎 Cryptocurrency
16
salesnerd
WR Officer
3
Head of Growth
Definitely possible. I think we'll see another big drop before then, though, so I'm holding off on redoubling my investment until it's ~$40k. 
SouthernSlayer
Good Citizen
2
Channel Partner Sales Manager
Anyone down for those Dogecoins lol 
fuzzy
Notable Contributor
1
CMO (Chief Meme Officer)
It's my #1 position lol. I have several hundred thousand, so TO THE MOON
paddy
WR Officer
2
Director of Business Development
Bitcoin will go to 70k and probably 100k. Idk when, but idk a lot of things. It'll probably go back down again too. I'm convinced nobody actually knows how it works but whatever I'm down to ride the roller coaster.
FightingFistDrangon
Politicker
2
Director of Sales
It's finite.  So long as it remains viable, it will continue to climb.
Chep
WR Officer
1
Commercial Account Executive
Wonder what year Bitcoin will hit 1 million. With all the money the government printed I'd guess 2024 during the next halving
ragnarlothbrok
Politicker
1
Key account manager
no doubt in my mind, just gotta ride the waves 
MaximumRaizer
Politicker
1
Sales Manager
Bitcoin will go beyond $70k
Blackwargreymon
Politicker
1
MDR
Definitely possible. I think we'll see another big drop before then, though
Clashingsoulsspell
Politicker
1
ISR
Definitely possible. I think we'll see another big drop before then, though, so I'm holding off on redoubling my investment until it's ~$40k. 
JesterQueen
Politicker
1
ISR
Definitely possible.
Phosace
0
Account Executive
BTC climbing back to 52k support level. Glad we didn’t touch the 48k level. Looking good to me! 
MindfulBoar
0
Senior SDR
The slow growth as of late is painful 
schultrcATL
0
SR Account Exec | Enterprise
It's finite.  So long as it remains viable, it will continue to climb. 
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