Bitcoin (
A few more dips below $19,000 would not be surprising
Bitcoin bears need to push the price below $19,000 to secure an $80 million profit. On the other hand, the bulls’ best-case scenario requires a pump above $21,000 to flip the tables and score a $150 million gain.
Bitcoin bulls had $80 million in leveraged long positions liquidated on Oct. 12 and Oct. 13, so they should have less margin than is required to drive the price higher. Consequently, bears have higher odds of pinning BTC below $19,000 ahead of the Oct. 21 weekly options expiry.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
