Bitcoin Nears $85K: Bullish Momentum Builds Ahead of Options Expiry

Bitcoin is once again making headlines, climbing to around $84,500 with renewed strength and bullish indicators lighting up the charts.

Bitcoin has been gradually rebounding after a volatile dip last week. Analysts are watching closely as a staggering $2.25 billion in BTC and ETH options expire today, potentially sparking serious price swings. On-chain data reveals whales are back in action, accumulating massive amounts of BTC. The technicals—narrowing Bollinger Bands and stabilizing MACD—are hinting at an explosive breakout ahead.

With market confidence strengthening and even the Fed hinting at possible rate cuts, all eyes are on whether Bitcoin can push past the $85K resistance.

Are you bullish or bearish on BTC as we head into the weekend?

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