RATE Group | These Factors Make Bitcoin’s Bull Case as Strong as “Physics”: Fund Manager
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These Factors Make Bitcoin’s Bull Case as Strong as “Physics”: Fund Manager

26 Apr These Factors Make Bitcoin’s Bull Case as Strong as “Physics”: Fund Manager

Posted at 21:02h in Bitcoin News by

Bitcoin has been on a remarkable run over the past few weeks, rallying over 100% from March’s lows around $3,700. It’s been an impressive move that has liquidated dozens of millions of dollars worth of shorts.

But even after more than 100% in gains, analysts are convinced that BTC has more upside. One fund manager, in fact, went as far as to say that cryptocurrency bears are “fighting physics,” referencing the technical confluence that is almost acting as an upward gravity for the Bitcoin price.

Bitcoin is Readying to Break Even Higher: Hedge Fund Manager

Although Bitcoin’s ongoing rally has paused over the past few days, with BTC stagnating around $7,500, Matt D’Souza — CEO of Blockware Solutions and a hedge fund manager — is convinced more upside is in the cards.

In fact, in a recent remark made on Twitter, D’Souza said that he thinks bears trying to push Bitcoin below the ever-important $7,500 level is “like trying to hold a basketball underwater.” “Don’t…

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