Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry By Cointelegraph

Over the past two months, (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison, the Bloomberg Commodity Index (BCOM) gained 29% in the same period.

The broader commodity index benefited from price increases in , , corn, wheat and lean hogs. Meanwhile, the total cryptocurrency market capitalization was unable to break the $2 trillion resistance level and currently stands at $1.98 trillion.