BTC Forecast


Bullish Case: Institutional adoption grows post-ETF approvals, and favorable macro trends continue. Positive price action driven by dip-buying by ETFs and reduced supply from regulated liquidity sources.


Bearish Case: Mount Gox repayments and governmental BTC sales increase supply, while macroeconomic uncertainties and high implied volatility lead to further selling pressure.


Potential Outcomes: 52% chance of BTC modest recovery to $65k by September 2024 driven by ETF inflows; 35% chance of extended downturn to $49k due to Mt. Gox and regulatory actions; 13% chance of sharp rebound past $75k by end of year.


Trading Oracle: Implement a long call debit spread (Helium Long Volatility), targeting Sep 2024 expiry. Buy BTC-EXP-59000-C and sell BTC-EXP-71500-C. This strategy capitalizes on medium-term bullish sentiment, mitigates near-term volatility risk, and leverages favorable implied volatility structure. High reward:risk profile.


July 07, 2024


Bitcoin Forecast

BTC      Bitcoin











Correlated Digital Assets

Assets that tend to move strongly with BTC



ETH Forecast + Options Trading Strategies   ETH  Ethereum (0.97)



Uncorrelated Digital Assets

Assets with little price relationship to BTC



ETH Forecast + Options Trading Strategies   ETH  Ethereum (0.97)



Anticorrelated Digital Assets

Assets that tend to move strongly against BTC



ETH Forecast + Options Trading Strategies   ETH  Ethereum (0.97)





Become a more profitable investor with AI optimized trading strategies






×

Chat with BTC


 Ask any question about BTC!