Bitcoin's Big Move: What's Next for the Crypto King?

Bitcoin is making waves again, aiming for a big price jump. After a quiet Christmas break, traders are back, and Bitcoin is trying to shake off a downtrend that's been going on since October. Meanwhile, gold and silver are hitting new highs, showing that precious metals are still hot. Traders are keeping an eye on a huge Bitcoin options expiry event worth nearly $24 billion. This could be a game-changer, as it might release some pressure that's been holding back Bitcoin's price. Once that happens, the real market moves might become clearer. Bitcoin's price has been stuck in a range, making it hard for traders to decide whether to go long or short. Even a small jump near $90, 000 caused big reactions, with over $200 million in liquidations in just 24 hours.Experts like Michaël van de Poppe think crypto could see better days after the new year. He points out that other assets like commodities and tech stocks might not be as attractive, making crypto a better bet. The daily close is crucial for Bitcoin's next move. A confirmed breakout could push the price towards $95, 000, and even higher if it can hold above that level. Bitcoin's moving averages are also key levels to watch. Overall, Bitcoin is still seen as undervalued, and many believe it could rematch its all-time highs in the coming months. But remember, investing in crypto is risky, and everyone should do their own research before making any moves.