Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry

Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry

Market Analysis
August 24, 2022 by secret
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[ad_1] Bitcoin (BTC) experienced a 16.5% correction between Aug. 15 and Aug. 19 as it tested the $20,800 support. While the drop is startling, in reality, a $4,050 price difference is relatively insignificant, especially when one accounts for Bitcoin’s 72% annualized volatility. Currently, the S&P 500’s volatility stands at 31%, which is significantly lower, yet