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Bitcoin Could Climb Beyond $150,000 by January, DeFi Derivatives Platform Derive Says
The derivatives market for Bitcoin and Ethereum shows a small chance the digital assets will continue to rise to fresh highs by January.
The derivatives market is pointing to a small chance for further upward momentum for Bitcoin next month, following the asset’s historic rise above $100,000 last week.
That’s according to Sean Dawson, head of research at DeFi derivatives protocol Derive.
“We continue to see a 10.5% probability of Ethereum reaching $6,000 and a 6% likelihood for Bitcoin surpassing $150,000 by January 31,” Dawson told Decrypt.
“Regarding the 25 delta skews, they've remained stable since last week, showing no significant shifts, Dawson added. “It appears the market has consolidated its position over the weekend.” 0 reply
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