Bitcoin options shift has some bulls calling $40,000 the bottom

Investors searching for clues as to where Bitcoin is headed next may want to take a look at what the options market is signalling.

The world’s largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday. The drop put holders on edge. For one, it marked a downturn of roughly 40 per cent from the coin’s record high in November. It also served as a test of what is seen by several technical analysts as a key support level: $40,000. 

Now Bitcoin appears to have stabilised, and options activity suggests investors believe the test