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How Strong Is Bitcoin’s Push Above $12,000?
Who has the most recent bitcoin move right, the bulls or the bears?
Updated Sep 14, 2021, 10:12 a.m. Published Oct 20, 2020, 7:00 p.m. 1 min read
Who has the most recent bitcoin move right, the bulls or the bears?
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This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:
- DOJ files biggest antitrust case in two decades against Google
- Goldman Sachs’ 1MDB settlement
- LINE’s new CBDC platform
Our main discussion: bulls vs. bears as bitcoin passes $12K
Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.”
On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong macro narrative around stimulus) and bearish case ($12K BTC sell wall and bleeding from alts and DeFi).
See also: Bitcoin Closes on $12K but a Wall of Sell Orders Awaits: Analyst
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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