We still see Bitcoin moving higher towards all time highs after it surged through and consolidated above resistance around $17,300. We are encouraged that the upward momentum will be sustained and the cryptocurrency will reach all time highs in the coming weeks. This is due there being significant institutional interest and the cryptocurrency's performance decoupling from that of equities in the current 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.