en.bitcoinsistemi.com
The cryptocurrency market is focused on December 19th.
Abra CEO Bill Barhydt, a guest on renowned analyst Scott Melker’s (The Wolf Of All Streets) program, issued important warnings about the potential for price volatility and a “dump” in Bitcoin.
Scott Melker, a figure closely followed in the cryptocurrency world, discussed the short-term future of the markets in his latest broadcast. His guest, technology investor and Abra CEO Bill Barhydt, specifically highlighted December 19th, arguing that investors should be “vigilant.”
The date in focus, December 19th, is seen as a critical turning point for the cryptocurrency markets, according to the CEO. Experts point out that this date, being the expiration date for monthly and quarterly option contracts, could lead to high volatility in the market. Prices, which typically retreat towards the “Maximum Pain” point, can experience sharp declines or sudden changes in direction on such dates.
Abra CEO Bill Barhydt, while known for his optimistic long-term predictions for Bitcoin reaching $700,000, drew attention to short-term liquidity movements. According to Barhydt, liquidity squeezes in global markets or year-end profit-taking could put pressure on Bitcoin. Additionally, institutional investors balancing their positions as the year draws to a close could trigger a “dump” effect on critical dates like December 19th.
*This is not investment advice.