Bitcoin bulls are aiming for a significant price rally ahead of Friday's $18.6 billion options expiry. A 6% increase to $75,000 is necessary to avoid over 90% of call options expiring worthless.
Bitcoin is currently trading in a narrow range between $67,700 and $71,600, influenced by market reactions to the US and Israel-Iran conflict. Traders are concerned about rising inflation and deteriorating credit conditions. The upcoming options expiry could provide the momentum needed for Bitcoin to surpass the $75,000 mark.