Bitcoin Options Expire Bullishly as Fed Rate Cuts Loom

On March 21, a total of 22,000 Bitcoin option contracts expired with a notional value of $1.83 billion. The put/call ratio was 0.84, indicating that there were more call buyers than put option buyers, which suggests a short-term bullish sentiment. The maximum pain point was around $85,000, while Bitcoin was trading around $84,300 at the time. This implies that option sellers would experience the least losses at this level, suggesting a small upward move in the near future.

However, the broader outlook for Bitcoin remains relatively stable. The short-term Implied Volatility (IV) has fallen below 50%, indicating that market participants do not anticipate significant price movements in either direction. This suggests that the price of Bitcoin may stabilize around the $85,000 mark for a period.

Despite the stable outlook, there are several reasons to be optimistic about Bitcoin's future. Analysts have predicted that the Federal Reserve might announce fresh rate cuts in April, which could serve as a catalyst to push Bitcoin prices above $85,000. Additionally, the influx of funds into Bitcoin ETFs has resumed, with a cumulative net inflow of $166 million in the last five sessions. BlackRock’s IBIT recorded a net inflow of $172 million in just a single day, indicating that investors are accumulating Bitcoin after a significant correction from its all-time high of $110,000.

Technical analysis of Bitcoin's chart reveals several positive signs. Bitcoin is currently bouncing off the 50 Exponential Moving Average (EMA) on the weekly chart, and both the 50 and 200 EMAs are sloping upwards, which is a strong bullish signal. Additionally, the current bounce is occurring from the 50% Fibonacci level, suggesting that Bitcoin has had a healthy correction and is now continuing its longer-term bullish trend. This indicates that Bitcoin is trading in a discounted zone, presenting a fantastic risk-to-reward opportunity.

Given the increased institutional buying and promising technical chart, several signs point toward an upcoming Bitcoin rally. For those looking to capitalize on the next Bitcoin run, investing in presales of promising altcoins could be a strategic move. One such altcoin is BTC Bull Token ($BTCBULL), which stands out by offering free Bitcoin to token holders who buy and hold $BTCBULL in Best Wallet. These Bitcoin giveaways will occur as Bitcoin surges past new milestone figures, such as $150,000, $200,000, and $250,000, for the first time. Additionally, the project includes periodic burn events, where a portion of the total $BTCBULL supply will be reduced at every $25,000 mark, ultimately boosting the token's price. $BTCBULL is currently in presale, with prices at their lowest, offering each token for just $0.002425.

Another promising presale is Solaxy ($SOLX), a Solana meme coin with real-world use cases. Solana's recent drop from its all-time high has raised concerns, but Solaxy aims to build the first-ever Layer 2 scaling protocol on Solana. By processing transactions on a sidechain and in batches, Solaxy will reduce the burden on Solana's primary network, solving issues of scalability, congestion, and failed transactions. Solaxy has attracted both retail investors and crypto whales, with over $27.5 million raised at the time of writing. One $SOLX is currently available for $0.001672, but the price is set to increase in the near future.

Lightchain AI ($LCAI) is another unique crypto presale that harnesses the power of artificial intelligence to develop smarter and more secure decentralized crypto exchanges. The project features the Artificial Intelligence Virtual Machine (AIVM), designed to tackle AI tasks with maximum efficiency. $LCAI token holders will also have a say in the project's development. The token is currently in presale, with $18 million raised so far, and is selling for $0.007125 per token, making it one of the best cheap cryptos available.

While these three cryptos present promising investment opportunities, it is important to remember that no token is risk-free due to the volatility and unpredictability of the larger crypto market. Investors should only allocate an amount they are comfortable losing and conduct their own research before investing. None of the information provided should be considered a substitute for financial advice from a certified professional.