Bitcoin’s price is currently at 87,297 USD and is facing challenges in sustaining above 88,000 USD. As traders approach the options expiry, concerns about bearish trends intensify, driven by disappointing labor data and declining consumer confidence.
Despite recent market weaknesses, bullish expectations linger with some traders buying call options at 100,000 USD. The reactions to the upcoming options expiry could define Bitcoin’s price trajectory, contingent on broader economic indicators.
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