Bitcoin is facing a post-halving dilemma that could see it either soar to new all-time highs or nosedive to $4,000. Bitcoin.
Ex-hedge fund manager, Mike Novogratz encourages investors to buy more Bitcoin as it yet to post yearly highs. Bitcoin breaches the $10,000 level but has now retreated 1.32% to trade at $9,867.
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More activity on the bitcoin blockchain means the blockheight, which triggers the halving event, is probably coming faster.
While analysts have largely been uncertain about Bitcoin’s medium-term future, a bullish factor with a high strike rate is.
Call options on bitcoin are drawing higher prices following the cryptocurrency’s quick move to two-month highs.