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Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry

BTC price struggles to sustain $40,000, but Friday’s options expiry might give bulls the $160 million profit needed to keep the positive momentum.
Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period.Bitcoin/USD 1-day candle chart. Source: TradingViewThe broader commodity index benefited from price increases in crude oil, natural gas, gold, corn, and lean hogs. Worsening macroeconomic conditions pressured the supply curve, which, in turn, shifted the equilibrium price toward a higher level.Moreover, the United States approved a $1.5 trillion spending bill on March 15 that funds the government through September. President Joe Biden’s signing of the legislation avert

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We współpracy z: https://cointelegraph.com/news/bitcoin-bulls-to-defend-40k-leading-into-friday-s-760m-options-expiry

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