Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked.
- Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours.
- Bitcoin’s 24-hour range: $15,971-$16,487
- BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.