Theoretically, the $80,000 call represents a bet that bitcoin would settle above that level on April 30.
Tesla got the market excited briefly, but bitcoin is still in consolidation mode.
The record bitcoin options expiry could be bearish overhang on the market.
BTC upside is limited, and could halve in twelve-month's time, according to Deutsche Bank survey.
The daily relative strength index (RSI) is back in neutral territory after reaching overbought levels earlier this month.
Tesla accepting bitcoin payments and running its own nodes is "massively bullish," according to one analyst.
Tether is its "own worst enemy" and needs to be audited, according to co-founder William Quigley.
"My speculative guess is that institutions are buying bitcoin's price dip," one analyst said.
These young investors "skew more towards being female, under 40 and from a BAME background," the regulator said.
Bitcoin's "reserve risk" metric indicates the cryptocurrency is nowhere close to a major price top.
Bitcoin's uptrend continues to slow after breaking short-term support.
The drop below $55,000 comes at a time when cryptocurrency fund inflows have been on the decline.
Crypto fund flows are slowing, which could suggest investor uncertainty about BTC's price.
BTC could peak by next June before entering a bear market, according to Chinese crypto miner Jiang Zhuoer.
Based on an analysis of price chart patterns, bitcoin is about halfway through its current bull market, which began around the March 2020 low.