Thursday, March 28

Bitcoin Price Approaches $40,000, But Professional Traders Remain Skeptical By Cointelegraph


©Reuters. Bitcoin Price Approaches $40,000, But Professional Traders Remain Skeptical

The daily price chart for () seems to have a steady recovery pattern, but some worrying indicators are coming from the derivatives markets. Right now, the futures and options markets are showing a lack of confidence from professional Bitcoin traders, but the data has a positive spin.

Bitcoin price on Coinbase (NASDAQ:), in USD. Source: TradingView The path to $40,000 seems uncomfortably predictable, with crypto traders generally calling it “manipulation” when such price moves occur.

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