The max pain price for Friday’s bitcoin options expiry is $44,000. Bitcoin is again experiencing moderate price turbulence heading into the monthly options expiration. The cryptocurrency…
Bitcoin (BTC) has fully recovered from Thursday’s price drop of almost 5%.
The cryptocurrency was trading around $54,000 at the time of writing after holding support at around $52,000. The short-term trend is improving, although there is strong resistance around $56,000 and $58,000 that could limit upside into the weekend.
Correction (13:37 UTC, April 30, 2021): This story has been corrected to show that bitcoin is headed for its worst monthly performance since September, and its first monthly loss in 2021. An earlier version of the story incorrectly stated that it was the worst month since January.By: Damanick Dantes
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