Flash Markets Bitcoin Bloodbath on the road to $ 120,000 – DL News

Investors are betting on Bitcoin’s bet to $ 120,000 in March, despite the failure of the encryption markets this week.

This is according to options data from On the basis of MoneyThis indicates that nearly four out of every 10 deals end on March 28 will not be paid unless Bitcoin exceeds $ 120,000.

Feelings say that analysts who expect bitcoin swaying since the opening of President Donald Trump is – swaying.

“The following leg appears to be higher and divide in Bitcoin Walking,” David Brechel, head of international distribution at Frnt Financial, and Chris Mills, head of digital assets at JB Drax Honore, He said Last week.

they repeat This feeling this week, saying that the economy shows many positive signs of risk origins such as Bitcoin despite the bloodbath.

Bitcoin is calm

Bitcoin has had a disappointing process since US President Donald Trump opened on January 20.

Trump’s victory in the November 5 elections sent Bitcoin to rise To record heights. Investors are betting that he will make promises to the encryption industry, including supporting laws and regulators who are friendly.

Bitcoin was traded at $ 105,000 on the eve of Trump’s inauguration, more than twice that he deserved a year ago.

Since then, it has been largely intense between $ 95,000 and $ 99,000, before a decrease less than $ 88,000 this week.

The proportions of the analyst Noel Achison Bitcoin calm For memories of shattering 2022, the disputes surrounding the momentum, and uncertainty about the proposed Federal Bitcoin stock, and “not creating encryption”.

Several experts say it is just stopping in the Bitcoin career to sugar rises constantly.

Nick Forster, founder of Exchang, the founder of Derivive Deripive, estimated a 12 % chance to reach $ 200,000 by the end of 2025 and a possibility of 15 % to exceed $ 135,000 by the end of the second quarter.

And Geoff Kendrick from Standard Charterd Propagate Bitcoin will rise to $ 500,000 by the end of the current Trump term, as sovereign wealth boxes and pension funds will accumulate in the encrypted currency.

The open interest in ETHEREUM is difficult, as two in three options will rise to betting on the second largest encrypted currency in the world, according to Resens.IO.

From the main encrypted currencies, Solana It is the only one in which the bears exceed the number of bulls: more than half of the options contracts are placed, and it represents 90 % of the default size of open interest in Solana on Deribit.

Alex Gilbert is a Defi New New’s New York correspondent. You can reach it in Aleks@dlNews.com.