Bitcoin Forum

Bitcoin (BTC) has been able to incur some tempered bullishness today after a multi-day period of hovering around its support at $7,200. Today’s slight gains have come about in the face of a strong down trend, however, which could mean that these gains will ultimately prove to be fleeting and followed by further downside.

One factor that analysts are pointing to as support for the idea that the macro-bear trend is still far from being over is the fact that the options market is losing faith in BTC, which – in combination with other factors – could spell trouble for the crypto in the coming months.

Read more here (https://www.newsbtc.com/2019/12/26/options-market-is-losing-confidence-in-bitcoin-this-could-spell-trouble-for-2020/)

Bitcoin is still trading sideways.

If Bitcoin breaks the resistant price point of $7500 then only it can be termed as gain, which might happens next year in the month of January. Till then expect nothing from the markets.

Bitcoin has been moving up and down but thus far this year it's bullish since it has increase from its low this year.
We can't say people or businesses are losing confidence to bitcoin because we've see in the past that bitcoin has struggle many times and yet it has able to create hype and that resulted to a good price right now.

from less than a dollar to $7K now, how do you explain that?

Is options trading that influential to the Bitcoin or cryptocurrency market that it could spell trouble for the whole cryptocurrency market in the coming months? I don't think so. That's pretty blowing up the significance of options trading. Was option trading the trend when the cryptocurrencies reached their ATH way back in the late 2017 and early 2018? Nope. Exchanges were offering spot trading and a few are offering leverage trading. Now we have options and contracts trading. But they are still the minor players in the market.

I don't know if I agree with that or not, because even if bitcoin were to hit that price tomorrow, it still isn't much of a gain at all.  At $7500 it still seems pretty much like sideways trading to me.  Bitcoin can easily go up or down a few hundred dollars at a pop, but that doesn't mean there's any momentum behind it.

If bitcoin hit $8k tomorrow, then I might start thinking there was something behind it.

Ah, let it lose faith if it wants to--those options traders aren't trading real bitcoin anyway, and I don't even think places like Bakkt even have an impact on the reported price of anything, so who cares?

Does it really matter that much that we could call it "trouble"? Probably besides the institutional options market I don't think the options markets accounts for THAT significant of a volume and liquidity anyway. The article is just over exaggerating things in my view.

well when you call 2-3% rise a "bullishness" you obviously should call the same negative 2-3% drop a "strong downtrend" and you would be wrong on both cases. neither of these are bullish or bearish. these rises and drops are called "sideways" and it is not showing anything about confidence or whatever. not to mention that these trends always happen during the accumulation phases so if anything they indicate a strong confidence in bitcoin!

in case you have forgotten what the sideways market means and looks like take a look at the charts from 2019-1-9 to 2019-4-2

As I always said lower the price go more people will join, mass adoption must be the goal. No matter how low it goes before next halving I'll be happy with any price either 6k or 5k.
There are a few factors that caused the price to go below $9k mark and it will take time to recover. Small gains and drop from here on don't matter much until next halving.

It is easy to say that some other people maybe losing confidence on what bitcoin can do. We all know that ups and downs is normal because bitcoin is known to be volatile. Maybe this time there are so many people selling bitcoin that is why the price of it drops a little bit. Do not lose hope because sooner or later the price of it will rise up again.

I don't believe that option trading have that huge impact on Bitcoin trading, so I guess i does not matter whether Options market is losing confidence in Bitcoin, would be best if they completely shutdown since they do not demand real Bitcoins anyway.  If they do, those who play on that option market would be forced to buy into the real Bitcoin market and thus probably would bring positive impact on the Bitcoin market.

Fuzz fuzz and more speculations ::)

Always the same story, explanation, theory regarding Bitcoin price and his upcoming (possible) deaths...

Bitcoin will continue to keep going straith active in the years to come.
Thus meaning there is a window of opportunity for investors to trade properly using their brains rather than their fingers to right such hypothetical crysis.

I agree with your analysis. We should not have a myopic view on things related to the many factors that can be influencing the price movement of Bitcoin. I am sure that options trading is playing a role in Bitcoin but it is not that BIG factor that we should afraid of. besides, I am also sure that somehow the coming Bitcoin halving can pull some surprises for all of us, no matter if there are some who are already downplaying its possible impact.

The current condition is currently sideways maybe due to the influence of the holidays, trading volume is also not as large as yesterday.
As I see prices are in minor support today, there is still a possibility the price will rally tomorrow.
It will not take effect before closing in 2019, because there are still a few days left to find out the trend that will form next.

At the moment, I think think it is but looking at that data into fiat markets. I think it will become crucial in the coming year. Interest into Options trading platform is gaining traction and rightly so. Options trading does have its benefits when used wisely.

There is some evidence the introduction of options trading at the CBOE at the end of 2017 contributed to bitcoin collapsing from it's peak price of $20,000. So options trading does seem to have an impact, especially if the traders are hedging their trades in the real bitcoin market.

Surely if someone is losing hope in bitcoin surely it could affect the market price of bitcoin since it is depending on the supply and demand in the market.
But surely when the market price of bitcoin already pump in the market investors are going to be hype again in bitcoin and surely reinvested their money like what happened in the past years.

Bitcoin is moving between support and resistance as long as it stays between 7000- 7800$ we are safe. If its breaks from upside we can be in a bull run scenario and if if breaks 7000$ we can see the 6400$ lows which will further take us to the bear market. Next few days and year end closing is crucial for bitcoins.

Options trading has been offered in the fiat market for a long time but not in the crypto market. Options trading in crypto was not there from the beginning. It popped out because the traditional market is slowly merging with the new crypto market. It will become more influential in years to come and will therefore become crucial in the market if it grows big. But if this early you said that it is losing confidence in Bitcoin then, assuming it is true, how could it grow into a huge market?

If people lose faith in Bitcoin, it will greatly affect the cryptocurrency market in 2020. They will not dare to invest, the price will drop causing great losses. Investors sold bitcoin on the market. This shows that the price of BTC may continue to decline before investors feel eager to rejoin the market.

Because the price of bitcoin is still in a low price position and there are only a few up and down movements that make investors feel hesitant to act and there are those who sell it when there is a slight increase, because they are afraid to go down again because of the unpredictable bitcoin movements at the moment.
but in my opinion things like that are still in normal condition, and there are still many who believe bitcoin will give good returns if you are patient and let bitcoin move as it is and we will see in 2020 what will happen to bitcoin and as expected and everyone's predictions.

there is a large resistance below $7200 and if there is someone willing to sell a large amount of bitcoin it can really go down
but many users will be happy if someone does that because they can get cheap bitcoin
if you will look in the bitcoin price chart you can see that large resistance below $7000 start in May 2019
maybe it's the one-year preparation for the incoming halving this May 2020

Bitcoin is in a lull today, and the price of Bitcoin does not move from a dead position and has an impact, a bearish mood. As for the long-term prospects, then bitcoin will overcome the mark of $ 7,800 and then the bullish mood.

I wouldn't base my decisions based on the options market behaviour. The BTC options market is still low compared to the spot and the monthly chart is looking good for a reversal candle print at the end of the year. Three more days until we pass on to 2020. If the price remains above $7000 we're going to print a hammer candlestick type. Although we don't have much volume, closing above $7000 would confirm a rejection of the 21 EMA on the monthly timeframe which is at least NOT bearish for me. From my point of view in the first months of 2020 we're going to go sideways between $7000-$10000.