BTC – Consolidates into Year End

Bitcoin options expiry approaches 4:00 PM London time and it is a few hours from now. The fear of options expiry worth $6 billion can trigger opening the short positions and can cause a bearish rally. However, the exchanges might come into action to liquidate the short positions of higher risk through price manipulation. Bitcoin is currently neutral as RSI suggests. We have support at $45,000 and the resistance is at $497,000, fib 0.382.