Crypto Market Buzz: Bitcoin and Ethereum Price Predictions Stir Excitement Amidst Major Options Expiry

Trading Expert Predicts Bitcoin and Ethereum Prices for This ‘Cycle Top’

The cryptocurrency market is once again heating up, with trading experts setting their sights on the potential peak prices of leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). According to a report by Finbold - Finance in Bold, an analyst known as Smiley Capital has shared predictions that place BTC between $140,000 and $160,000 at its cycle top. For ETH, expectations are set between $9,000 and $11,000. In an extraordinary scenario involving massive adoption events, these figures could soar even higher to $190k for BTC and $15k for ETH.

Despite these optimistic forecasts, Smiley Capital emphasizes that his predictions are made "for fun" rather than being strict targets he trades against. He describes himself as a reactionary trader who plans exits based on perceived market tops rather than specific price points. As reported by Finbold.com News.

Massive Options Expiry Could Shape Crypto Market Trends

A significant event looms over the crypto markets: the expiration of more than $2.6 billion worth of options contracts tied to Bitcoin (BTC) and Ethereum (ETH), according to The Currency Analytics. With this expiry including 19,885 BTC contracts valued at approximately $1.9 billion alongside 205,724 ETH options totaling around $712 million expiring today alone—traders brace themselves for possible short-term volatility.

This large-scale expiry often leads asset prices toward strike levels where most options expire worthless—a phenomenon known as reaching 'maximum pain.' Currently priced near respective maximum pain points ($97K for BTC; slightly above it at present values), both assets might see modest movements influenced heavily by broader conditions beyond just today's expirations—as detailed further within reports from TheCurrencyAnalytics.com.

XRP Sentiment Boosted By Pro-Crypto Congress Developments

The recent inauguration of what Ripple CEO Brad Garlinghouse calls “the most pro-crypto Congress” marks renewed optimism surrounding regulatory clarity across blockchain sectors—including XRP itself—as highlighted through FX Empire’s coverage earlier this week when discussing ongoing SEC v Ripple case dynamics ahead January deadlines potentially impacting future valuations significantly depending outcomes therein!

Meanwhile amidst such developments elsewhere US-based spot ETF inflows have surged dramatically upwards towards record highs nearing hundred thousand dollar mark driven largely due increased investor confidence buoyed partly thanks favorable legislative shifts occurring Capitol Hill recently per insights provided via FXEmpire.com's latest analysis pieces covering current trends affecting major digital currencies.

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Article Summary

Trading expert Smiley Capital predicts Bitcoin could reach $140,000-$160,000 and Ethereum $9,000-$11,000 at their cycle tops but emphasizes these are not strict trading targets. Meanwhile, a massive options expiry event worth over $2.6 billion for BTC and ETH may cause short-term market volatility as traders anticipate potential price movements around maximum pain points.