Friday, March 1

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.

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.