Institutions are Growing Increasingly Bullish on Bitcoin Following Drop to $10,000

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Bitcoin’s price is now expressing some signs of stability within the lower $10,000 region, with bulls being able to garner some strong support This comes after the cryptocurrency defended its crucial near-term support level at $9,900 on multiple occasions throughout the past week One analyst is now noting that investor fear is at the same level it was at just before the crypto pumped to $12,000 This also comes as institutional investors grow bullish on BTC, while retail traders rush to add short exposure Bitcoin and the entire cryptocurrency market are heading into the weekend trading session without seeing any immense volatility. While BTC remains stable above $10,300, some smaller altcoins have seen some overtly positive price action. This seems to indicate that speculative investors aren’t growing too fearful about the cryptocurrency’s current technical position. That being said, the latest Commitment of Trader’s (CoT) report from the CME shows that…

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