{Rising Community} Why is Bitcoin prices destined to rise in July 2023?

Bitcoin price forecast: the recent rebound in the Cryptocurrency market occurred before the closing of Bitcoin and Ethereum options.plusSecret Money Market News:plus 40% plusplusplus Coinbase Binance plusOptions Market data shows that a large part of BTC and ETH's quarterly positions are open contracts at maturity

Bitcoin price forecast: the recent rebound in the Cryptocurrency market occurred before the closing of Bitcoin and Ethereum options.

plusSecret Money Market News:plus 40% plusplus

plus Coinbase Binance plus

Options Market data shows that a large part of BTC and ETH's quarterly positions are open contracts at maturity. Therefore, when the position expires on Friday, June 30, 2023, this may have an impact on the market. According to AmberData,

150633 BTC option contracts worth $4.57 billion and $1.23 million ETH contracts worth $2.3 billion will expire on DeribitExchange

Earlier, CoinGap reported that the rise in Bitcoin prices may help break through $31150. From the current level, reaching the target price will require an increase of about 5%, which was the peak during the rebound period in March 2023, when the US regional banking crisis dominated the financial market.

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