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Derivatives Data: Investors Think Bitcoin Will Continue Higher After 20% Surge

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  • Despite the pullback from the Monday highs, Bitcoin remains above key resistance levels. As of this article’s writing, the leading cryptocurrency trades for $11,300.
  • There are some bears that believe this rally is just a deviation from the range BTC was trading in.
  • Derivatives data, though, shows that many traders are betting on Bitcoin continuing higher in the weeks and months ahead.
  • Prominent market commentators agree with this positive sentiment that the cryptocurrency will continue higher. These prominent market commentators include the head of crypto funds and a senior analyst at Bloomberg who actively covers the cryptocurrency market.

Bitcoin Traders …

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