Recent research indicates that Bitcoin investors may be underexposed to potential upside, as options traders become increasingly optimistic. Analysts are considering various factors that could contribute to a rise in Bitcoin's price.
Price Increase Factors and Predictions
10x Research analyst Markus Thielen noted that traders remain underpositioned following last month's options expiry, opening up the possibility of BTC rising to $133K by September. "Traders are now predominantly buying calls, signaling that they may be underexposed to further upside," Thielen stated in his report.
Options Market Trends
10x Research’s proprietary Bitcoin trend model flipped bullish on June 29, projecting a 60% probability of further upside in the next two months. Historical patterns suggest this could translate into gains of around 20%, bringing BTC closer to $133K from current levels around $111K.
Shifts in Market Sentiment
Thielen emphasizes that Q3 is traditionally Bitcoin's weakest quarter, but this year may differ due to ETF inflows and policy developments. "Bitcoin is breaking out, fueled by relentless ETF demand and a series of policy catalysts on the horizon," he added.
With current trends and analysts' positive sentiments, Bitcoin has significant growth potential. Traders monitoring the situation should carefully assess their exposure to the asset as the coming months may prove critical.
