November 8, 2024

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Bitcoin, gold and the debt ceiling — Does something have to give?

1 min read
Bitcoin, gold and the debt ceiling — Does something have to give?

Bitcoin (

Bitcoin bulls are in a better position as there has been weak demand from short-sellers and no sign of excessive leverage from buyers. In other words, Bitcoin’s market structure is bullish, so odds favor a rally toward $28,000 if the U.S. debt ceiling stand-off continues.