How Strong Is Bitcoin’s Push Above $12,000?

Who has the most recent bitcoin move right, the bulls or the bears?

By Nathaniel WhittemoreCoinDesk Insights
Oct 20, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:12 a.m. UTC
By Nathaniel WhittemoreCoinDesk Insights
Oct 20, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:12 a.m. UTC

Who has the most recent bitcoin move right, the bulls or the bears? 

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This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today on the Brief:

  • DOJ files biggest antitrust case in two decades against Google 
  • Goldman Sachs’ 1MDB settlement 
  • LINE’s new CBDC platform 

Our main discussion: bulls vs. bears as bitcoin passes $12K

Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.” 

On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong macro narrative around stimulus) and bearish case ($12K BTC sell wall and bleeding from alts and DeFi).

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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