Bitcoin from Options perspective

The chart for the reference shows the potential for growth to the 50k area from the Virgin VPOC perspective. Currently, key support on 37k. Option data, in turn, gives more interesting details:

- options expiring in 12 days (at the time of writing the analysis) show a systematic accumulation of PUT options in the areas of 38-35k (especially at the level of 35k); no significant resistance (CALL option)
- options expiring in 40 days (at the time of writing the analysis) indicate PUT at the level of 28k and another in the area of 46-48k; resistances (CALL options) are located at 50k and ... 78k.

It looks to me like trying to pull back to 28-35k anytime soon, then rebound and back to an uptrend. And how it will be - the market will show.
Technical IndicatorsTrend Analysis

Penafian