Foresight News reports that, according to Cointelegraph, as traditional financial markets resume trading after the Christmas holiday, Bitcoin is testing the $90,000 mark, while gold and silver have reached all-time highs. The market is currently focused on the expiration of Bitcoin options valued at approximately $24 billion. Trader BitBull stated that as options expire, the hedging pressure that had previously suppressed prices may ease, leading to a clearer market direction.
Analyst Michaël van de Poppe stated that asset management firms will undergo asset reallocation in January, and with commodities and tech stocks at high levels, cryptocurrencies and Bitcoin may benefit from this. Analysis account Crypto Ideology pointed out that if Bitcoin confirms a breakout from its downward trend since October, the target range could point to $95,000 to $100,000.
