Cryptocurrency markets are facing a critical juncture as option expiration periods approach, with some analysts predicting potential price swings.
A recent assessment by Michaël van de Poppe suggests that Bitcoin could initiate a recovery towards the $70,000 level following the expiration of options contracts on Friday. Van de Poppe highlights signs of optimism emerging in the broader crypto market, potentially creating a positive environment for the leading cryptocurrency.
The analyst emphasizes the significance of maintaining the $65,000 threshold, stating that if Bitcoin can sustain its position above this level, upward momentum could gain traction. However, failure to hold this critical support level may result in retesting of lower support levels.