Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry

Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support.

Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period.

Bitcoin/USD 1-day candle chart. Source: TradingView

The broader commodity index benefited from price increases in crude oil, natural gas, gold, corn, and lean hogs. Worsening…


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