Bitcoin Price May Reach $63K as $3.9B Futures Expiry Approaches While MoonTaurus Will Deliver 1400% ROI in Q4
The post Bitcoin Price May Reach $63K as $3.9B Futures Expiry Approaches While MoonTaurus Will Deliver 1400% ROI in Q4 appeared on BitcoinEthereumNews.com.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . As the expiry of $3.9 billion worth of Bitcoin futures options looms, market analysts predict that Bitcoin’s price could fall to $63,000. This significant event is causing heightened volatility, with Bitcoin needing to maintain a crucial support level above $65,000 to avoid further downward pressure. The expiry is set for July 26, and it could lead to considerable market fluctuations, affecting both Bitcoin and other cryptocurrencies like Ether, which has also seen recent struggles despite new ETF launches. In contrast, MoonTaurus (MNTR), a promising memecoin currently in its presale phase, is generating significant excitement. Priced initially at $0.005, MoonTaurus is projected to deliver a staggering 1400% return on investment (ROI) by Q4 2024. Early investors are poised to benefit greatly from this potential surge, marking MoonTaurus as a standout opportunity in the crypto space amidst the broader market uncertainties. Bitcoin Price Might Reach $63K as $3.9B Futures Expiry Nears The Bitcoin price faces potential downward pressure as over $3.9 billion worth of Bitcoin futures options are set to expire on July 26 on Deribit. This event sets Bitcoin’s “max pain point” at $63,000, indicating where the most options contracts would expire worthless, often leading to increased market volatility. Bitcoin needs to stay above the $65,000 mark to maintain upward momentum, with positive Bitcoin ETF inflows providing some support. Meanwhile, Ether has struggled despite the launch of the first spot Ether exchange-traded funds (ETFs) on July 23. Trading just below $3,250, Ether has not gained significant traction, reflecting cautious market sentiment amid these large options expiries. MoonTaurus (MNTR) MoonTaurus (MNTR), an emerging memecoin,…
Filed under: News - @ July 31, 2024 12:18 am