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Bitcoin Pushing Higher As Whales Add Longs
Bitcoin prices are looking much more constructive this week. Following a period of stagnation last week, the leading crypto coin has been on the march north this week and is now close to retesting the current YTD highs around 49360. Indeed, following a sharp correction lower from those current highs, BTC futures have now recovered more than 20%. With BTC pushing higher, bulls are now hopeful of a fresh breakout and the beginning of a new bull run. The driver behind the move is not entirely clear but industry data suggests that the passing of ETF outflows is helping BTC regain bullish momentum. SEC approval of ... (full story)
