Bitcoin is approaching an exit in the range of 85,000-90,000 dollars.

Bitcoin is spending most of December between 85,000 and 90,000 dollars. This range is being maintained due to high option positions in the derivatives market. Dips are gaining value near 85,000 dollars, while rises are being sold around 90,000 dollars.

Approximately 27 billion dollars worth of open positions is expected to expire on Deribit. Most of these positions exhibit a strong bullish bias. The mechanics of the options make a higher breakout more likely in the market.