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Bitcoin trader shares 7 reasons to be bullish on BTC beyond $12K

cointelegraph.com

In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner retweeted a chart of Bitcoin, gold, the S&P 500 and Ether (ETH), which shows Bitcoin striking out on its own, delivering positive returns while other assets floundered.

Bitcoin previously demonstrated long-term correlation to the S&P 500 in particular, also forming a close relationship to gold in the months after March’s coronavirus-induced price crash. As Garner and others note, very little stands in the way of further positive price action above $12,000 due to how Bitcoin spent the brief periods of time above that level before.

Read in Full: cointelegraph.com
Bitcoin BTC
$ 69846.98
Bitcoin ETH
$ 3530.6

Timeline of Bitcoin, Ethereum

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Bitcoin Bitcoin
69853.6000 -1.04%
Ethereum Ethereum
3527.84000 -1.41%
BNB BNB
608.300000 3.09%
Solana Solana
185.008000 -1.21%
XRP XRP
0.61175100 -1.78%