Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today

Bitcoin price rebounded by 3% today, Dec. 19, reaching a high of $87,960. This rise happened after the Bank of Japan (BoJ) delivered its first interest rate in 11 months. However, technicals suggest that the BTC price may dive to $80,000 and below ahead of a $2.7 billion options expiry and as ETF outflows continue.

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