BTC could hit $80K by end of June on bullish derivatives bets, says analyst

Bitcoin could reach $80,000 by the end of June, according to Nick Forster, founder of the on-chain options platform Derive (Derive.xyz). In an interview with DL News, Forster noted that BTC has shown stability despite geopolitical tensions in the Middle East. He explained that while there have been fears of a market collapse, derivatives market indicators suggest these concerns are exaggerated. Recently, investors have started betting on an upswing rather than hedging against a decline, causing BTC's price to diverge from the U.S. stock market, he added.