In Capfolio’s latest analysis, we update our position on the state of institutional investors in the Bitcoin market. Recent reports have made it clear that institutions are betting on price moving downward. We see the most likely scenario for bitcoin price being a decline to an area of buyer liquidity.

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Quick take:

• Bitcoin price and the sentiment of investors took a hit over trading last week

• With bitcoin price trading below its 200 DMA and the OBV trending downwards, we anticipate further bitcoin price declines in the near-term future.

• Recent reports have illustrated that institutional investors are betting on Bitcoin price moving to the…



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