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26 November 2020

Fund Manager Cites "Supply Crunch" as Bitcoin Breaches $18,300 | Crypto Briefing

Fund Manager Cites "Supply Crunch" as Bitcoin Breaches $18,300 | Crypto Briefing


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Stack Funds, which monitors the crypto market, says that this price is a three-year high for Bitcoin.

In technical terms, Stack Funds notes that three-month, 25-day skews have broken below 20% and that call option prices are greater than puts.

Stack Funds believes that this price surge is similar to Bitcoin’s 2017 bull run, when the coin’s price briefly touched $20,000.

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