Data highlights Bitcoin’s potential path to $40K amid global economic turbulence By Cointelegraph


© Reuters.

(BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark.

Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States.

Bitcoin 2-month futures annualized premium (basis). Source: Laevitas
Deribit BTC options put-to-call 24h volume ratio. Source: Laevitas