RATE Group | Brian Kelly Brings Clarity To Why Bitcoin May Be Turning Bullish
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Brian Kelly Brings Clarity To Why Bitcoin May Be Turning Bullish

24 Jul Brian Kelly Brings Clarity To Why Bitcoin May Be Turning Bullish

Posted at 05:07h in Ethereum News by

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Over the weekend, Bitcoin began to see rising market dominance, rising from the $7,400 price level to near $7,800 as of the time of writing, while altcoins stagnated, with many falling by two to three percent.

This surprising price action has led some to ask where it is going to go next.

As pointed out by Bob Pisani at CNBC, Bitcoin is now 30% higher than its yearly lows at around $5,750, leading some to think that it will continue to head higher, and may begin to approach 2017’s all-time highs later this year.

In a recent appearance on CNBC’s “Fast Money” segment, Brian Kelly, the CEO of the digital asset focused BKCM fund and CNBC’s in-house crypto analyst, gave multiple reasons why Bitcoin is beginning to look a lot more bullish.

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