Has Bitcoin Found a Bottom?
Volatility is a feature of the still-maturing cryptocurrency market. Does that mean we’ll see lower lows from here?
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Show Notes
Bitcoin has recovered a bit, and altcoin prices have stabilized. Is the status quo sustainable, or is there more downside ahead? Option Insight's Imran Lakha joins Real Vision's Ash Bennington to discuss Bitcoin, Ethereum, and the trajectory of the cryptocurrency market. Under one scenario defined by Elliott Wave theory, Lakha has identified potential downside targets of $20,000 and $1,000 for Bitcoin and Ethereum, respectively. Imran also walks Ash through the crypto options markets, explaining the significance of realized and implied volatility, term structures, put skews, and option flows. What kinds of trades can we make using this volatility data? And how is Imran playing this downturn? He answers these questions and more in today's episode.
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