Bitcoin Surges Past $100,000: Analysts Predict a Possible Break Above $150,000 by January

According to COINOTAG News on December 9th, recent activity in the derivatives markets suggests that Bitcoin could maintain upward momentum in the coming month after surpassing the $100,000 mark for the first time last week. Sean Dawson, Research Director at the DeFi derivatives platform Derive, highlighted that Ethereum has a projected 10.5% probability of reaching $6,000 by the end of January, while Bitcoin exhibits a 6% probability of climbing to $150,000. Furthermore, Dawson pointed out that the 25 Delta skew has shown stability since last week, indicating a consolidation phase in the market. Influential factors such as MicroStrategy‘s capital movements and BlackRock IBIT options have played crucial roles in shaping Bitcoin’s pricing dynamics. Additionally, Dawson remarked that trading activities over the weekends tend to lower volatility, offering a more stable environment for market participants.