Technical Analyst Warns of Bitcoin’s Waning Bullish Momentum
The price of the leading cryptocurrency is trading sideways around the $120,000 mark. Options data on Deribit indicates a significant positive gamma for dealers at the $120,000 and $120,500 strikes, noted CoinDesk analyst Omkar Godbole. In this scenario, traders buy on dips and sell on rallies to neutralize risks, which reduces volatility, the expert explained. […]