Bloomberg lists 5 bullish trends for Bitcoin price despite ‘Thanksgiving crash’

Cointelegraph

Published Nov 27, 2020 09:00AM ET

Updated Nov 29, 2020 11:20AM ET

Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017.

In an article on Nov. 27, the publication known for its pessimism highlighted a range of Bitcoin metrics pointing to a bullish future — despite Thursday’s $3,000 price rout.

Bloomberg highlights Bitcoin futures open interest among its bullish signals. Source: Bloomberg
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