#BTCMarketAnalysis

Why isn't Bitcoin rising? Critical days: December 19th and 26th…

Bitcoin has been trading below $90,000 for three consecutive days, and factors that could significantly impact its price will be seen this Friday and next. On December 19th, trillions of dollars worth of stock option contracts will expire simultaneously following a decision by the Bank of Japan. Increased volatility is expected on this day, also known as the "Triple Witch." On December 26th, over $13 billion worth of Bitcoin options will expire.

Crypto investors are experiencing a difficult downturn as Bitcoin fell below $100,000, and in recent days it has remained below $90,000. Bitcoin, which has traded below this level for three consecutive days, may be indirectly affected by December 19th and directly by December 26th.

This week, several factors will simultaneously impact financial markets.

Foremost among these is the Bank of Japan's interest rate decision. Yesterday, US employment and unemployment figures were also released, but although they differed from expectations, they did not significantly impact the markets.

The "Triple Witch" event this week…

As is known, the "Triple Witch" event, which occurs every 3 months, will take place this Friday (December 19). The futures and options contracts for indices and individual stocks will expire simultaneously. The size of the expiring contracts could increase market volatility. While this indirectly affects Bitcoin, it could increase sharp movements in financial markets.

The real critical day: December 26…

Next Friday, the largest crypto derivatives exchange will see the expiration of $13.3 billion worth of Bitcoin contracts. A large portion of open positions appear to be on this date. Therefore, Bitcoin's real test will not be this Friday, but next week. Volatility could increase significantly there as well.

As the end of the year approaches, it is seen that corporate companies making adjustments to their balance sheets and even increasing some profit-taking will be another factor that will put pressure on the price.