Bitcoin Seems Determined to Explore Higher

Bitcoin, which fell to $91,000 on Tuesday, recovered quickly and rose to $98,652 today, but returned below $98,000 due to increasing selling pressure. It is currently trading at $97,324.

It is noteworthy that Bitcoin remains above $97,000 despite the expiration of approximately $11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options today, suggesting that it appears set to move higher. If it manages to stay above $96,000 over the weekend, I think it could hit a new ATH next week. We will wait and see.

This is not investment advice, please do your own research before investing.