Galaxy Digital estimates that to enter a new bullish phase, Bitcoin (BTC) must overcome resistance around $36,000.
Sentiment has improved in the BTC options market after the cryptocurrency surged above $35,000. Hedge funds are betting on further growth if BTC can break through the resistance zone that has formed in the range from $35,750 to $36,000.
As one of the company’s analysts, Alex Thorne, noted, in the event of a breakthrough in the options market, purchases of bullish Call contracts will resume, which could lead to turbulence on spot exchanges and a subsequent rebound of the cryptocurrency.
This week it became known that if exchange-traded crypto funds ETFs that invest directly in Bitcoin appear on the American stock market, some large market makers are ready to participate in improving the liquidity of such instruments.
First of all, they are interested in promoting the Bitcoin ETF from BlackRock.
