Bitcoin's price has fallen 12.3% in the last 30 days, breaking below its 55-day resistance at $27,000 on May 12. However, it has decoupled from the S&P 500 index, which is flat from 30 days ago and 15% below its all-time high. Investors believe that the favorable macroeconomic trends for risk markets were overshadowed by the increasing risk perception of the cryptocurrency sector. Despite recent price weakness, there are enough drivers and potential triggers to sustain a considerable bull run in the upcoming months, and traders can use the "risk reversal" option strategy to hedge losses from unexpected price swings.
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