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Veteran analyst Peter Brand suggested that the Bitcoin chart is in the process of a historic breakout. Brandt pointed out that Bitcoin, which was stuck in a channel in March, touched the upper band of the channel.
Brandt called this situation “the most expected and promising development in history”. An analyst recently claimed that Bitcoin will reach $135,000. “My expectation for August or September 2025 is around $135,000,” Brandt said.
80 thousand dollars is expected in the options market.
While Brandt gave Bitcoin investors hope with his latest comments, positions in the options market began to increase toward the “$80k” target. According to Bloomberg, options traders are increasing their positions that bitcoin will reach $80,000 by the end of November, regardless of who wins the US presidential election.
“The market consensus is that Bitcoin will do well regardless of the election results,” said David Lavant, director of research at crypto brokerage FalconX. “Our analysis shows that options trading on the upcoming election is trending significantly higher.” he commented.
On Deribit, the largest derivatives exchange in the cryptocurrency market, open positions in call options expiring on November 29 are centered around $80,000. The second most popular strike price among these options is $70,000. Open positions in call options that expire on December 27 are centered around $100,000 and $80,000, while the most popular strike price that expires on November 8 is at the $75,000 level.
The largest cryptocurrency by market value found buyers at $67,500 at 22.35 (UTC).
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