Bitcoin unlikely to fall below $50K

Basile Maire, co-founder of the decentralized exchange D8X told Decrypt that the short term outlook relative to Bitcoin price action is bearish, although “not extremely so.” Maire confirmed that options trading is clustered between $50,000 and $60,000, with more volume closer to $60,000. The D8X co-founder said that based on July expirations in the options market, very few market participants believe that the Bitcoin price will fall below $50,000.