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There appears to be strong support around $30,000, according to traders.
Very low spot volume Thursday isn’t helping bitcoin's price.
Bitcoin fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin’s price is on a rising trend for the first time this week.
Less action in the bitcoin market Wednesday means traders are sitting out while ether options are piling up for a first-quarter expiration.
Bitcoin’s price has ridden a roller coaster on lower spot volume while options traders are ready to bet on ether FOMO.
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.