BITCOIN DAILY PRICE PREDICTION 2022

1️⃣ #BTC Derivatives: Futures and Options 🦀🐂

Derivative data shows price will range between $39K and $40K in the near term possibly moving to $42K after.

2️⃣ Aggregated open interest⁺ (OI)

stablecoin is at ~$6.3B & coin-margined one is at ~4.2B. Aggregate predicted funding rate is around -0.0062. Combined they aren’t strong enough to influence the price. The macro & geopolitical environments are driving price movements lately.

3️⃣ Liquidation Levels⁺

On Binance, the cumulative liquidation delta (CLD) is now -4.5B with more short high leveraged liquidation amount than longs. If the macro-environment doesn’t change significantly, the price has a higher probability to move up to liquidate shorts⁺.

4️⃣ Options⁺ Max Pain⁺ prices are $39K for the next couple of periods.

Then #BTC could move to $42K (could change) for Mar 25th. Mar 25th has strong open interest and volume. High probably #BTC will move toward Max Pain.