Bitcoin’s Market: Finally What Smart Money Wanted It To Be
I’ll let you in on something: Bitcoin has always been perfect, it’s that only now are people and “smart money” realizing this:
Bitcoin’s market is finally what smart money wanted it to be
Bitcoin was trading above the price level of $11400, at press time, with BTC having successfully negotiated a stay above $11k for most of the previous week. In fact, despite several notable developments recently, the cryptocurrency recorded a 5% hike over a 3-week period.
This is interesting because, until 2020, the prevailing perception was that events and developments associated with top cryptocurrency exchanges would generate FUD and have a direct impact on Bitcoin’s price. However, the cryptocurrency’s latest hike seems to have changed how traders are looking at Bitcoin.
Full article here: https://eng.ambcrypto.com/bitcoin-smart-money/