The post Will Bitcoin (BTC) Price Hit $70K By April End? Decoding The Possibility appeared first on Coinpedia Fintech News
Bitcoin has seen a remarkable rally, surging by 35% to $52,000. This upward trajectory has caught the attention of investors, particularly with the impending mining reward halving scheduled for April. The mining reward halving, a process in which the rate at which new Bitcoins are created is reduced by half, is a significant event in the Bitcoin ecosystem and has historically been associated with bullish price movements.
With a 20% chance of Bitcoin hitting $70K, traders are skeptical!
However, Options data from Lyra Finance, a decentralized marketplace for crypto options, indicates a 20% probability of Bitcoin surpassing $70,000 by the end of April. Here’s how it’s possible.
In an interview, Nick Forster, founder of Lyra and former options trader on Wall Street, discussed the market’s future. He said that traders are cautiously optimistic. Even though Bitc
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