Cryptocurrency News

Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?

05/05/2022

Less than a minute

2022.05.05 09:36

Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?

Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances.

Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance.

Bitcoin/USD 1-day chart at FTX. Source: TradingView

05/05/2022

Less than a minute

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