Expected price of $100,000

Bitcoin

$65,436.31

-3.61%

the main points:

The top cryptocurrency's surge above $70,000 has fueled optimism in the Bitcoin options market, with predictions of $100,000 gaining credibility.

This rise is due to spot demand, low leverage, and the influx of retail investors through ETFs.

Regulatory uncertainty looms as the SEC postpones its decision on Bitcoin ETFs amid BlackRock's request to approve the option.

According to Bloomberg, the cryptocurrency's rapid rise to over $70,000 has sparked new optimism in the Bitcoin options market, with expectations of $100,000 now looking increasingly reasonable.

Read more: Bitcoin Price Predictions for 2024, 2025, 2026 and 2030: Super Crypto Bull Run

$100,000 forecast is gaining momentum in the Bitcoin options market

The cryptocurrency's recent rally, representing a 70% gain over seven weeks, has led to a notable spike in open interest for call options with strike prices of $80,000 and $100,000, indicating growing investor confidence in further gains.