{"id":5223,"date":"2023-10-25T05:55:36","date_gmt":"2023-10-25T05:55:36","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/you-arent-going-to-become-give-monthly\/"},"modified":"2023-10-25T05:55:36","modified_gmt":"2023-10-25T05:55:36","slug":"you-arent-going-to-become-give-monthly","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=5223","title":{"rendered":"You aren&#039;t going to become give-monthly"},"content":{"rendered":"<div>\n<div>Bitcoin &#8211; pexels-karolina-grabowska<\/p>\n<p>Source: Pexels <\/p>\n<p>Bitcoin price volatility declined recently, as the digital currency has been trading within a relatively modest range over the last few days. <\/p>\n<p>The digital currency, which was trading close to $34,000 at the time of this writing, has not moved around much yesterday and early today, according to Coinbase BTC\/USDT data provided by TradingView. <\/p>\n<p>Since the cryptocurrency has been suffering from this malaise, one might wonder what technical levels traders should monitor next. <\/p>\n<p>Investors Will Seek &#8216;Continued Momentum&#8217; Above $32k, Says Analyst<\/p>\n<p>Brett Sifling, an investment advisor for Gerber Kawasaki Wealth &amp; Investment Management, singled out a specific price level when offering technical analysis. <\/p>\n<p>&#8220;Now that Bitcoin has broken out over the year to date highs ($32,000 resistance level), investors will look for continued momentum above that level,&#8221; he stated. <\/p>\n<p>&#8220;Ideally it will hold that level if the price does decide to correct and test that previous resistance level and confirm it as new support,&#8221; Sifling added. <\/p>\n<p>Derivatives Data Shows &#8216;Major&#8217; Support Levels <\/p>\n<p>Greg Magadini, Director of Derivatives for digital asset provider Amberdata, offered commentary for this article. <\/p>\n<p>When developing some input on this matter, Magadini focused on data related to derivatives, which are basically risk management tools harnessed by market participants. <\/p>\n<p>One kind of derivative contract is an option contract, which gives the holder the right, but not the obligation, to purchase an underlying asset at a predetermined price. <\/p>\n<p>&#8220;One powerful human being,&#8221; said the puppy. <\/p>\n<p> One party the right a purchase item, for example. <\/p>\n<p>&#8220;Option traders are positioned for BTC to move! Especially in the EOY DEC expiration cycle, traders are positioned into 2 major zones,&#8221; he stated, <\/p>\n<p>Further, Magadini claimed that &#8220;Major resistance is found at: $37k then $45k.&#8221; <\/p>\n<p>&#8220;The $40k DEC expiration has a large concentration negative dealer gamma&#8230; as traders have been buying 40k call options expecting follow through as hopes for the SPOT bitcoin ETF grow louder,&#8221; he added.<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/what-key-technical-levels-should-bitcoin-traders-watch-after-crypto-prices-recent-plunge.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin &#8211; pexels-karolina-grabowska Source: Pexels Bitcoin price volatility declined recently, as the digital currency has been trading within a relatively modest range&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-5223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - 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