Bitcoin needs to hold above the $65,000 mark for more upside, while the Ether price is weighed down by a sell-the-news event, according to analysts.
The Bitcoin price could fall to the $63,000 mark on July 26 due to the expiry of over $3.9 billion worth of Bitcoin futures options.
Over $3.9 billion worth of Bitcoin (BTC) futures options expired at 8:00 am UTC on top futures trading cryptocurrency exchange Deribit.
This sets Bitcoin’s “max pain point” to $63,000, which could trigger more downward pressure for the world’s first cryptocurrency.
