Bitcoin Rises Above $31K, With Options Positioning Suggesting Price Has Further to Run

Bitcoin Rises Above $31K, With Options Positioning Suggesting Price Has Further to Run

Source Node: 2951312

The CoinDesk Bitcoin Trend Indicator BTI, which measures the directional momentum and strength in bitcoin’s price action, switched to “significant uptrend” as BTC strengthened its footing above the $30,000 level, Todd Groth, head of research at CoinDesk Indices, noted.

Time Stamp:

More from CoinDesk