Peter Brandt is a trading guru that says traders need to watch Bitcoin price to determine market moves more than any other.
Bitcoin rallied as traders shrugged off a Goldman Sachs report that the cryptocurrency wasn’t an investable asset class.
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Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or.
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Some traders are noting that the resolution to Bitcoin’s bout of sideways trading could spark a large movement of $1,000 or.
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Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto.