Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen nextTraders can gauge the market's overall sentiment by measuring whether more activity is going through call options or put options. Generally speaking, call options are used for bullish strategies, whereas put options are for bearish ones.
Considering the market's bearish newsflow, bulls' main hope remains solely in the framework of a favorable macroeconomic environment, which largely depends on how retail sales data reports next week.
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noshitcoins While the 15.5% year-to-date gain sounds promising, the level is still 50% below the $1.88 trillion crypto market cap seen before the Terra-Luna ecosystem collapsed in April 2022.
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