According to HTX Research analysts, the bitcoin exchange rate can overcome $ 115,000 in the next few weeks amid intensifying positive moods in the market.
From the point of view of the distribution of capital, partial transfer of funds into fundamentally strong and liquid altcoins can make it possible to extract additional benefits from the growth of bitcoin price, experts say.
“The data of the options market indicate the predominance of bull moods: the ratio of the open interest in the call and put-offs reached 1.55, while the short-term implied volatility has decreased to the 18-month minimum-35-40%,” the report of the HTX ResEARCH experts said.
The HTX Research suggested that such a combination of indicators creates the prerequisites for testing the first cryptocurrency of new historical maximums, but warned about the risks of quick asset correction.
In the case of a sharp increase in the volatility or falling of bitcoin prices below $ 100,000, a large -scale sale and reduction in the positions of traders is possible, experts summed up.
Earlier, the analysts of the Cryptoquant platform reported that the increase in the cost of bitcoin and the approach of the price to the historical maximum did not force them to engage in more active speculation.
Source: Bits
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