reveals that Bitcoin’s price rose from lows of $56,551 on May 1, climbing 9.85% to an intraday high of $62,123 on May 3.What levels should traders and analysts watch for BTC on the upside as marketwide recovery continues across crypto markets?that followed its drop below $60,000 before the April 20 halving event, Bitcoin is rapidly heading toward the $62,000 zone.sayingBitcoin was facing resistance from the 100-day EMA, currently at $59,972.
Higher than that, Bitcoin may rally toward the technical target of the governing chart pattern at $118,500. Such a move would represent a 77% ascent from the current price. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Bitcoin and Ether options worth $2.4B set to expire May 3, max BTC pain at $61K
Source: News Formal (newsformal.com)
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Bitcoin and Ether options worth $2.4B set to expire today, max BTC pain at $61KThe Bitcoin options contract had a put-call ratio of 0.50 while the Ether options contract had a PCR of 0.37.
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