We hold a long view on Bitcoin whilst the cryptocurrency stays above key support at $17,300 as prices have not been able consolidate above all time highs. However, we are encouraged that during this rally there has been more stable institutional demand as opposed to highly leveraged retail speculation which largely fueled the 2017 rally.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.