Bitcoin experienced another quiet week, not delivering any liquidity lead for equities. Overall, our preference is still for a move to fresh all-time highs, but if MM were traders, we would not be chasing the move, believing the upside is maturing fast for the crypto.
- Bitcoin remains on track to make new highs above $US75,000, over 10% higher, but it’s a breakout we would not chase.
MM is cautiously bullish towards cryptocurrencies short-term
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