BTC supply squeeze and Biden: 5 things to watch in Bitcoin this week

Cointelegraph

Published Nov 09, 2020 04:00AM ET

Updated Nov 10, 2020 06:20AM ET

Bitcoin (BTC) is starting what will be likely a hectic week for markets as the United States begins its two-month presidential transition.

After Joe Biden was declared the projected winner of the U.S. presidential elections during the weekend, Bitcoin fell, but managed to avoid major losses — what’s next?

BTC/USD 1-week chart. Source: TradingView
Crypto Fear & Greed Index historical chart. Source: Alternative.me
CME Bitcoin futures chart showing latest gap. Source: TradingView
The latest COT report shows hedge funds record short and institutions record long BTC. Source: Skew

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