Recent analytical data points to a high likelihood of Bitcoin price growth in the coming months, with increasing trader optimism in the options market.
Probability of Price Rise
According to Markus Thielen from 10x Research, the model indicates a 60% chance for Bitcoin prices to rise significantly within the next two months, potentially achieving a 20% gain.
Options Market and Expectations
Many investors remain underexposed to Bitcoin despite growing bullish sentiments from options traders. Thielen highlighted that last month’s option expiry left several traders unprepared. Renewed interest in call options suggests traders might be missing out on potential upsides, hinting at a potential price of $133,000 by September for Bitcoin.
Trends and Dynamics of Bitcoin
Bitcoin reached a milestone, setting a new record at $112,000. The bullish trend may be supported by upcoming economic events, such as the US Consumer Price Index report. Historically, the third quarter hasn’t favored Bitcoin, but this time around, the situation might play out differently due to demand for ETFs and anticipated policy shifts.
Given the current trends, Bitcoin may take a new direction in its development, and investors are urged to be prepared for significant price changes in the third quarter.
