Bullish Derivatives Trends Pave Bitcoin’s Path to $80,000

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Bitcoin derivatives markets are setting up for a potential BTC rally above $80,000 before the end of 2024, fueled by excitement over a potential Trump victory.

Bitcoin may surpass $80,000 by the end of 2024 as derivatives markets and holder profitability show significant bullish signals, according to a report from crypto exchange Bitfinex shared with Cointelegraph.

The Bitcoin price could be heading above $80,000 based on the structure of the derivatives markets, Bitfinex analysts told Cointelegraph, with options markets showing potential for a post-United States election rally.

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