{"id":52036,"date":"2024-11-19T17:12:12","date_gmt":"2024-11-19T17:12:12","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/bitcoin-price-analysis-94k-etf-options-launch-arrives"},"modified":"2024-11-20T03:43:42","modified_gmt":"2024-11-20T03:43:42","slug":"bitcoin-price-analysis-sees-94k-swipe-as-etf-options-launch-arrives","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=52036","title":{"rendered":"Bitcoin price analysis sees $94K swipe as ETF options launch arrives"},"content":{"rendered":"

Bitcoin (BTC) saw swings near all-time highs on Nov. 19 as geopolitical tensions sparked risk-asset volatility.<\/p>\n

\"\"
BTC\/USD 1-hour chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n

BTC price analysis sees $94,000 liquidity hunt<\/h2>\n

Data from Cointelegraph Markets Pro and TradingView showed 2.4% daily BTC price gains returning after a brief dip at the Wall Street open.<\/p>\n

Market fluctuations came as United States equities reacted to an escalation of the conflict between Russia and Ukraine.<\/p>\n

BTC\/USD did not stay lower for long, however, rebounding to $92,700 to come within $1,000 of its record highs posted on Nov. 13.<\/p>\n

Commenting, popular trader Skew suggested that the impending launch of options on asset manager BlackRock\u2019s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) was keeping the price in a narrow corridor.<\/p>\n

\u201cHowever a key detail so far is the limit bids moving higher with LTF HLs,\u201d he wrote in a post on X, referring to bid liquidity heading higher up exchange order books.<\/p>\n

\"\"
BTC liquidation heatmap (screenshot). Source: CoinGlass<\/em><\/p>\n<\/figcaption><\/figure>\n

Data from monitoring resource CoinGlass, meanwhile, confirmed that the bulk of sell-side interest lay around the existing highs, extending to $94,000.<\/p>\n

\u201cLarge liquidation cluster at $93K+ which also corresponds with the all time high,\u201d fellow trader Daan Crypto Trades added on the topic.<\/p>\n

\u201cThe longer price consolidates around this region, the more likely we\u2019ll take out those highs as more and more positions keep building up.\u201d<\/p><\/blockquote>\n

\"\"
Bitcoin exchange liquidation map (screenshot). Source: CoinGlass<\/em><\/p>\n<\/figcaption><\/figure>\n

Trader Justin Bennett anticipated a bullish short-term outcome for the current landscape, seeing a liquidity hunt and bulls even taking a shot at $100,000.<\/p>\n

\u201cAs for BTC, this sideways PA has attracted shorts, and with it short liquidations near $94k,\u201d he told X followers.<\/p>\n

\u201cA sweep of shorts seems likely, but with Tether dominance holding that 2018 trend line, the question is, does a $94k sweep turn into a deviation, or can Bitcoin finally push toward $100k?\u201d<\/p><\/blockquote>\n

\"\"
BTC\/USDT 4-hour chart. Source: Justin Bennett\/X<\/em><\/p>\n<\/figcaption><\/figure>\n

Nvidia earnings seen as key market moment<\/h2>\n

Crypto traders also noted the incoming release of Nvidia\u2019s corporate earnings, an event scheduled for Nov. 20, which could nonetheless spark marketwide volatility if the numbers were to surprise.<\/p>\n

Related: <\/strong><\/em>Bitcoin metric breakout teases \u2018inevitable\u2019 90% BTC price rally next<\/strong><\/em><\/p>\n

\u201cTomorrow, the options market is implying a 12% move after earnings are released,\u201d trading resource The Kobeissi Letter wrote in part of an X summary on the day.<\/p>\n

\u201cNvidia\u2019s earnings are HUGE.\u201d<\/p><\/blockquote>\n

\"\"
US tech stock options premium data. Source: The Kobeissi Letter\/X<\/em><\/p>\n<\/figcaption><\/figure>\n

As Cointelegraph reported, in early November, Nvidia once more overtook Apple to become the world\u2019s most valuable company.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

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Bitcoin (BTC) saw swings near all-time highs on Nov. 19 as geopolitical tensions sparked risk-asset volatility. BTC\/USD 1-hour chart. Source: TradingView BTC price analysis sees $94,000 liquidity hunt Data from Cointelegraph Markets Pro and TradingView … Bitcoin price analysis sees $94K swipe as ETF options launch arrives<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":52038,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-52036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nBitcoin price analysis sees $94K swipe as ETF options launch arrives - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=52036\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price analysis sees $94K swipe as ETF options launch arrives - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) saw swings near all-time highs on Nov. 19 as geopolitical tensions sparked risk-asset volatility. 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