#BTC Update
#BTC pullsback to $46500 support and bounced aggressively due the FOMC news. There's a falling wedge pattern forming and #BTC got rejected from the upper resistance line few hours ago. We may see a breakout this week or possibly next week. Breaking to the upside will push the market till $52,000 area.
Also, Deribit is currently set to have one of the largest BTC option expiries in the year by the end of this month. 108,000 BTC (Valued at over $5 Billion). We expect it to be bullish volatility moves and reversal , considering the amount of currently open short positions and the amount of liquidity to be tapped above $60,000.
