Bitcoin options shows 30% chance of BTC trading above $50,000 next month


As the week draws to a close, many cryptocurrency markets are beginning to show signs of recovery. The Bitcoin price is one such market, and the gains it has made over the past week are likely to continue as the weekend progresses. At the time of writing, the price of Bitcoin is nudging $4540, and its price is 14% higher than the week’s average.

A recent study done in Italy by the Department of Economics and Management of Bocconi University predicted that BitCoin’s price will not just break $50,000 in the next few months, but that the cryptocurrency will surpass the $100,000 mark by the end of 2017.

Bitcoin options shows 30% chance of BTC trading above $50,000 next month Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin › Analysis The options market shows a glimmer of where Bitcoin could go next. Shaurya Malwa · June 16, 2021 at 2:00 am UTC · 3 min read Bitcoin options shows 30% chance of BTC trading above $50,000 next month Options data suggest Bitcoin has a small chance to trade above the $50,000 price level at the end of next month, data from multiple sources shows. On Options and how they affect the market ‘Options’ are a financial instrument that derives their value from an underlying asset for a relatively small upfront investment (called a ‘premium’). To read the rest of this article, sign in or join Edge.

Edge helps you understand the cryptoasset market more clearly.

We can all agree that the crypto market is fast-moving and confusing, but Edge can help make sense of it for you.

Enhanced news coverage
Exclusive articles and insights

Get an analytical edge by accessing members-only articles with curated insights from crypto analysts around the globe.

Real-time charts and price snapshots

Gain a better understanding of the market with real-time charts, price snapshots and more market data in every news article.

Explore the companies, products and people in our articles

We display profiles of people, companies, products, and assets related to every Edge article so you can connect the dots.

Extensive crypto asset and sector data
On-chain metrics and social sentiment

Gain a better understanding of the on-chain trends an explore social sentiment for individual crypto assets.

Crypto asset transaction demographics

Understand where the majority of crypto asset transactions are taking place globally.

Explore innovative projects and sectors

Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.

What else?
Private Telegram community

As an Edge subscriber, you will access new articles first and engage with the community in our private Telegram channel.

A clean, ad-free experience

We hide all advertisements for Edge subscribers.

Support independent journalism

As an independent organization in the blockchain industry, we are guided by a strict editorial policy that emphasizes objectivity and transparency in our coverage.

will bitcoin reach $50k in 2021,cryptocurrency news,is bitcoin stable now,bitcoin price prediction,btc price,bitcoin options expiration date,bitcoin price today,bitcoin options strike price

About the author

Emilia James
By Emilia James

Your sidebar area is currently empty. Hurry up and add some widgets.