Bitcoin

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<ul class="news-points"> 
 <li>Kyledoops from Crypto Banter revealed that legendary trader Michael J. Burry is betting against the financial markets.</li> 
 <li>MDX Crypto was also present in the video and shared that he is bullish on BTC for the long term.</li> 
 <li>The analyst predicted that altcoins may present better trade opportunities than BTC for the foreseeable future.</li> 
</ul> 
Kyledoops from Crypto Banter highlighted the fact that the legendary trader Michael J. Burry, who was portrayed in the movie the Big Short, recently opened a substantial short position against the financial market. Despite this bet against the traditional financial market, another analyst that was in the <a href="https://www.youtube.com/watch?v=aS1YooynGBY" target="_blank" rel="noopener noreferrer nofollow">video</a>, MDX Crypto, is bullish on Bitcoin (BTC) for the long term. 
According to MDX Crypto, BTC treasuries have risen rapidly, which may be a bullish sign for the market leader’s long-term potential. Specifically, he revealed that institutions went from holding 7% of BTC’s supply to holding 9.2% of the supply. 
Although this is a positive metric to take note of, the analyst predicted that there may not be a significant rally in BTC’s price for the next few weeks. This thesis will stand until <a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">BTC’s price</a> closes a weekly candle ab… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-soaring-to-250k-600k-is-not-far-fetched-says-analyst/">BTC Soaring to $250K-$600K Is Not Far-Fetched, Says Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

BTC Soaring to $250K-$600K Is Not Far-Fetched, Says Analyst

Coin Edition

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