Bitcoin traders remain optimistic as they continue to bet on prices reaching $80,000 and $90,000 despite many failed attempts to go over $71,000. A total of $6.5 billion in Bitcoin options will expire on May 31, reflecting the optimistic bulls' attitude, though rallies recently reached their end due to external factors such as the U.S. approval of the spot Ethereum ETF and broader economic trends. The outcome now depends on how well Bitcoin can sustain above crucial thresholds with bets on confidence in government bonds, monetary policies, and market sentiments.
Bitcoin traders bet on $80,000 and $90,000 despite struggles to overcome price hurdles. The betting is based on external factors and market trends, which have major Bitcoin options expiring shortly