BTC Options Traders Are Not Betting on a Short-Term Bitcoin Price Drop

Cointelegraph

Published Jul 17, 2020 08:44PM ET

Updated Jul 17, 2020 10:20PM ET

Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout.

Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits.

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