The Wolf Of All Streets
Bitcoin SKYROCKETS to $66K! Is $70K Next? Watch Now!
Jul 17, 2024
David Duong, Head Of Institutional Research at Coinbase, and Chris Inks talk about Bitcoin's recent surge, potential new all-time highs, market outlook. They discuss political figures impacting cryptocurrency, Bitcoin and Ethereum's future scenarios, Bitcoin technical analysis, CME gaps, trading opportunities in crypto and stocks, and potential market rallies.
52:29
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Quick takeaways
- Bitcoin's resilience shown by rally to mid-60,000s sparks speculation of new all-time highs.
- Market dynamics suggest orderly transactions amidst Mt. Gox coins movement and German government selling.
Deep dives
Bitcoin's Rally and Potential New All-Time Highs
Bitcoin has shown resilience with its recent rally back to the mid-60,000s from a recent dip below 55,000. Speculation arises on whether new all-time highs are imminent. Expert opinions indicate a potential choppy summer range. Factors such as regulatory changes and market news contribute to the current crypto market sentiment. Bitcoin's rise to 66k reflects positive market catalysts despite ongoing supply dynamics.
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