Despite the collapse in prices on the crypto market, investors are betting that in March Bitcoin will rise to $120,000.
This figure is based on options data from basedmoney.io, which shows that nearly four out of 10 trades expiring on March 28 will only pay out if Bitcoin will exceed $120,000.
At the same time, analysts are convinced that Bitcoin's volatility since the inauguration of President Donald Trump is just fluctuations.
A move higher and a breakout for Bitcoin seems inevitable, David Brickell, head of international distribution at FRNT Financial, and Chris Mills, co-head of digital assets at JB Drax Honore, said last week.
They said the economy showed several positive signs for risk assets this week, such as Bitcoin , despite the sell-off in the crypto market.
Trump's victory in the US presidential election on November 5 has raised Bitcoin to record highs. Investors believed that he would fulfill his promises and provide legislative support for cryptocurrencies.
On the eve of Trump's inauguration Bitcoin was trading at $105,000, double its value a year earlier. Since then, it has mostly fluctuated between $95,000 and $99,000, and just this week it fell below $87,000.
Some experts say this is just a pause on Bitcoin’s path to even greater heights. In particular, Nick Forster, co-founder of decentralized options exchange Derive, calculated that Bitcoin has a 12% chance of reaching $200,000 by the end of 2025 and a 15% chance of surpassing $135,000 by the end of the second quarter.
