Bitcoin Overview

Bitcoin has been trading in a narrow range of only 7% since November 12, consolidating around the $91,000 mark. At the moment, sellers have failed to develop a local downward trend, while derivatives indicate buying interest. In particular, in the options market, put contracts are priced at a discount, indicating that market participants are higher on the risk of further growth in the asset price. Under these conditions, any significant trigger that contributes to a decrease in demand for the US dollar will lead to an update of the maximum of the bitcoin price against the dollar.