Bitcoin has been under pressure since October, but it is showing signs of life. Looking at the BTC futures chart, the asset is attempting to carve out a bottom, yet it faces a key resistance near $94,000.
A bullish setup on MicroStrategy serves as a proxy for the broader crypto move. The proposed trade is a bull call spread designed to capture upside if Bitcoin decisively clears the $94,000 barrier.
If MicroStrategy is trading near $166 when the signal triggers, the spread can be entered for as little as $250 per contract. The structure involves buying a $165 call and selling a $170 call with January 30 expiry, offering substantial upside with limited upfront risk.
The math is compelling: the trade could deliver approximately 100 percent ROI if MicroStrategy finishes at or above $170 at expiry, effectively doubling capital on a move of less than $5 in the underlying. A Bitcoin breakout above the $94,000 resistance would likely act as a rising tide for the sector, supporting this setup.
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