Bitcoin outperforms gold. Now a surge to $100,000 may be in play: Crypto Daily
Summary
Bitcoin has gained more than 40% this quarter, outperforming gold and major traditional assets as rising yields pressured gold. After holding above $80,000, BTC is said to have confirmed a double-bottom pattern, which Fidelity’s Jurrien Timmer views as potentially targeting $100,000. Deribit options open interest is concentrated in calls at $90,000, $95,000 and $100,000, suggesting traders are positioned for further gains. The piece cautions that chart breakouts and options positioning can reverse, so the pattern is not a guarantee.
