Bitcoin slipped below $50K and will likely consolidate this week, analysts say.
Bitcoin pulled back as traders digest regulatory developments in the U.S.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
Analysts see the cryptocurrency's price as remaining range-bound.
Analysts expect bitcoin to pause at around $40K before its next leg up.
Technical data suggests lower support around $34,000 could stabilize the current pullback.
The short-term put-call skews have pulled back due to a flurry of call buying.
The strong bounce in bitcoin over the weekend occurred as shorts covered positions.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
A strangle is essentially a bet that bitcoin’s price won’t break out anytime soon.
The cryptocurrency is expected to hold support above $30,000.
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
Bitcoin option's smile shows persistent fears of deeper drop and low expectations for a quick rally.
The long-term bullish bet is akin to buying a lottery ticket.
The options market is flashing signs of concern about an extended price sell-off.