Benzinga – Bitcoin (CRYPTO: BTC) has seen significant gains, closing seven consecutive months in the green for the first time. Analysts are optimistic about Bitcoin’s bullish momentum, anticipating a $150,000 peak.
What Happened: MicroStrategy chairman Michael Saylor tweeted that “Bitcoin is better” as gold reached all-time highs.
MicroStrategy owns 214,246 Bitcoins.
Analysts point to the upcoming quarterly expiry of Bitcoin and Ethereum option contracts on Deribit, which could lead to price volatility. Contracts worth $9.5 billion (Bitcoin) and $5.7 billion (Ethereum) will settle on Friday, March 29.
Also Read: Bitcoin Between ‘$75K To $80K Pre-Halving,’ Crypto Investor Predicts: Open Interest Hits All-Time High
Why It Matters: Bitcoin prices briefly breached the $71,400 mark in Thursday trading. At the time of writing, Bitcoin is changing hands at $70,687, up 3% in the past…
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