282: BITCOIN BREAKING OUT!! | Massive BTC Symmetrical Triangle Points to $50K | Ethereum (ETH) 2.0 Update - a podcast by Justin Verrengia

from 2021-01-31T22:10:42.023393

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The Bitcoin price rose to as high as $10,272 on July 26 in an unexpected weekend rally. It liquidated $74 million worth of long contracts on BitMEX alone, catching many traders off guard.

There appear to be two main reasons behind the abrupt upsurge of Bitcoin from $9,700 to over $10,200. They are the liquidation of over-leveraged shorts and traders taking profit...

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