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Wednesday

25 November 2020

4 reasons why Bitcoin price is on the verge of a new all-time high

4 reasons why Bitcoin price is on the verge of a new all-time high


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4 reasons why Bitcoin price is on the verge of a new all-time high.

The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach.

During the CNBC interview, Reider said that Bitcoin is here to say and that it has the potential to evolve.

In addition to the decline in sellers, crypto derivatives trader, “Cantering Clark” noted that the spot market is leading the rest of the market.

The spot market leading the derivatives market is important because the latter enables traders to use high leverage.

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cointelegraph.com
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