Bitcoin nears breakout from the $85,000-$90,000 range as options expiry looms

Bitcoin is currently nearing a breakout from the $85,000-$90,000 range. With the year-end options expiry approaching, price volatility has been suppressed. However, the macroeconomic environment and positioning in risk assets are supportive of price increases for Bitcoin. So far, the cryptocurrency has shown movements within this range, and traders are wary of potential price surges due to the options expiry. Investor sentiment has improved, making it crucial to see whether Bitcoin can break above this level, which may invite new buying pressure and receive solid support. The market is at an important turning point, and traders need to closely monitor trends as the options expiry approaches.