#WillBTCHit120K Bitcoin on the brink: October 31 will determine the path to $120K? 🚀

👋 The market is experiencing incredible volatility, and this
felt in every movement of the chart. 📉📈
We are at the present
a turning point, and the main reason for this is the upcoming expiration
options on Bit coin October 31.
According to all data, this event could be the catalyst that pushes the price into the zone around $114 000!
🤯 Let's figure out why.
🗓️ Why is October 31 such an important date?
On this day, a huge volume of options contracts on BTC expires. If
Simply put, many traders have placed bets on certain price levels.
When such major events are approaching, the market often begins to
"to attract" to the price where the maximum amount is concentrated
contracts — to "max pain" (max pain). Currently, calculations indicate a zone around $114 000.
This is not a coincidence — large players (whales) can move the market precisely to
at this point, to maximize their profits and minimize
obligations. 🐋
🎭Fear and greed? Right now it's more greed, but with a hint of caution. This exact mixture is typical for the phases before powerful breakouts. Data
The options indicate that a multitude of "strikes" is concentrated above.
$110 000. If the price starts to approach $114 000, it could trigger a short squeeze (short squeeze), where sellers will have to buy back their positions en masse, which will act as rocket fuel for the move towards $120 000. 🚀
Macro factor: 💸Don't underestimate the overall macroeconomic background. Expectations
easing of monetary policy by large central banks
continue to create a favorable environment for risky assets,
including Bitcoin.
💎 The output All this volatility is not a sign of weakness, but a sign of strength accumulation.
before a big movement. 🧘‍♂️💥 The options expiration scenario on the 31st
October is the perfect storm that can trigger a chain reaction,
leading us to the coveted $120 000 and above.
Key levels to watch:
Support: $100 000 - $105 000
$114 000
Be prepared for sharp movements, manage risks, and watch the chart at the end of the month! It will be spectacular. 😎
What do you think? Will we reach $120 this week? Share your thoughts in the comments! 👇$120K