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Analysts Debate Bitcoin’s Next Move: Bullish Surge or Bearish?

Published 11/27/2023, 11:38 PM
Updated 11/27/2023, 11:45 PM
© Reuters.  Analysts Debate Bitcoin’s Next Move: Bullish Surge or Bearish?
BTC/USD
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  • Analysts are divided on Bitcoin’s next move, with some predicting a bullish surge and others warning of a potential downturn.
  • Thinking Crypto podcast host Tony Edward cited stablecoin’s rising supply, noting it signifies renewed confidence in the market.
  • Edward noted the weakening U.S. Dollar Index also supports the bullish argument for Bitcoin.

In a recent episode of the Thinking Crypto podcast, host Tony Edward delved into the current state of the crypto market, focusing on Bitcoin‘s impending move. The discussion centered around whether Bitcoin will experience a bullish surge or face a bearish downturn, with various analysts offering insights.

The host cited comments of Adrian Zduńczyk, founder of a trading community called “Crypto Birb.” Zduńczyk presented a chart indicating a c…

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