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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h274">Bitcoin is currently in a bullish trend: Keith McCullough</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h319">Breaking $10,522 would shut bears up for good: Scott Melker</a></li></ul>
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    The <a href="https://u.today/peter-schiff-predicts-collapse-of-bitcoin-says-it-wont-shine-for-long">Bitcoin price</a> is increasing and has added around $300 over the past few hours. While BTC keeps growing, analysts are expecting it to continue its bullish movement and perhaps even break the $10,000 level.
    <em>Image via CoinMarketCap</em>
    Meanwhile, the CEO of a major investment research company&nbsp;believes that BTC is in a bullish trend, even though he looks at BTC entirely as a commodity.
    
    Bitcoin is currently in a bullish trend: Keith McCullough
    
    Keith McCullough, the CEO of Hedgeye Risk Management, believes Bitcoin is&nbsp;in a bullish trend now, as it has been climbing fast from under $9,100 to the $9,300 zone.
    
    A Twitter user has asked McCullough what it would&nbsp;take to convince him to consider Bitcoin not only as a commodity but as a payment system as well. The investment fund&nbsp;CEO responded that the only thing he believes is the math implied by his trading signal.
    
    <blockquote class="twitter-tweet">
    When bullish or bearish on Bitcoin (it's currently Bullish <a rel="nofollow" target="_blank" href="https://twitter.com/Hedgeye?ref_src=twsrc%5Etfw">@Hedgeye</a> TREND), I don't need to be convinced of anything other than the math implied by my signal <a rel="nofollow" target="_blank" href="https://t.co/abj3GNjYIe">https://t.co/abj3GNjYIe</a>
    — Keith McCullough (@KeithMcCullough) <a rel="nofollow" target="_blank" href="https://twitter.com/KeithMcCullough/status/1257999023191007233?ref_src=twsrc%5Etfw">May 6, 2020</a></blockquote>
    
    
    Earlier, McCullough admitted that he <a href="https://u.today/two-major-investment-fund-ceos-make-opposite-bets-on-bitcoin-btc">treats Bitcoin just as any other commodity</a>&nbsp;with no sentimental narrative of it being anything more than just that.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Breaking $10,522 would shut bears up for good: Scott Melker
    
    Prominent trader Scott Melker has <a rel="nofollow" target="_blank" href="https://twitter.com/scottmelker/status/1258001909425856512">shared&nbsp;his take</a> on the current Bitcoin price action, offering three scenarios, each being more bullish than the previous one.
    
    <blockquote>
    “A daily close above $9,214 would be bullish. Breaking the descending black line would be more bullish. Breaking the purple line at $10,522 would be a higher high and would shut bears up for good.”
    </blockquote>
    <em>Image via Twitter, TradingView</em>
    
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h274">Bitcoin is currently in a bullish trend: Keith McCullough</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h319">Breaking $10,522 would shut bears up for good: Scott Melker</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    The <a href="https://u.today/peter-schiff-predicts-collapse-of-bitcoin-says-it-wont-shine-for-long">Bitcoin price</a> is increasing and has added around $300 over the past few hours. While BTC keeps growing, analysts are expecting it to continue its bullish movement and perhaps even break the $10,000 level.
    <em>Image via CoinMarketCap</em>
    Meanwhile, the CEO of a major investment research company&nbsp;believes that BTC is in a bullish trend, even though he looks at BTC entirely as a commodity.
    
    Bitcoin is currently in a bullish trend: Keith McCullough
    
    Keith McCullough, the CEO of Hedgeye Risk Management, believes Bitcoin is&nbsp;in a bullish trend now, as it has been climbing fast from under $9,100 to the $9,300 zone.
    
    A Twitter user has asked McCullough what it would&nbsp;take to convince him to consider Bitcoin not only as a commodity but as a payment system as well. The investment fund&nbsp;CEO responded that the only thing he believes is the math implied by his trading signal.
    
    <blockquote class="twitter-tweet">
    When bullish or bearish on Bitcoin (it's currently Bullish <a rel="nofollow" target="_blank" href="https://twitter.com/Hedgeye?ref_src=twsrc%5Etfw">@Hedgeye</a> TREND), I don't need to be convinced of anything other than the math implied by my signal <a rel="nofollow" target="_blank" href="https://t.co/abj3GNjYIe">https://t.co/abj3GNjYIe</a>
    — Keith McCullough (@KeithMcCullough) <a rel="nofollow" target="_blank" href="https://twitter.com/KeithMcCullough/status/1257999023191007233?ref_src=twsrc%5Etfw">May 6, 2020</a></blockquote>
    
    
    Earlier, McCullough admitted that he <a href="https://u.today/two-major-investment-fund-ceos-make-opposite-bets-on-bitcoin-btc">treats Bitcoin just as any other commodity</a>&nbsp;with no sentimental narrative of it being anything more than just that.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Breaking $10,522 would shut bears up for good: Scott Melker
    
    Prominent trader Scott Melker has <a rel="nofollow" target="_blank" href="https://twitter.com/scottmelker/status/1258001909425856512">shared&nbsp;his take</a> on the current Bitcoin price action, offering three scenarios, each being more bullish than the previous one.
    
    <blockquote>
    “A daily close above $9,214 would be bullish. Breaking the descending black line would be more bullish. Breaking the purple line at $10,522 would be a higher high and would shut bears up for good.”
    </blockquote>
    <em>Image via Twitter, TradingView</em>
    
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Bitcoin (BTC) in Bullish Trend: Hedgeye Risk Management CEO

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Wed, 6/05/2020 - 12:46
Bitcoin (BTC) in Bullish Trend: Hedgeye Risk Management CEO
Cover image via twitter.com
Read U.TODAY on
Google News
Contents
Advertisement

The Bitcoin price is increasing and has added around $300 over the past few hours. While BTC keeps growing, analysts are expecting it to continue its bullish movement and perhaps even break the $10,000 level.

BTC CMC
Image via CoinMarketCap

Meanwhile, the CEO of a major investment research company believes that BTC is in a bullish trend, even though he looks at BTC entirely as a commodity.

Bitcoin is currently in a bullish trend: Keith McCullough

Keith McCullough, the CEO of Hedgeye Risk Management, believes Bitcoin is in a bullish trend now, as it has been climbing fast from under $9,100 to the $9,300 zone.

A Twitter user has asked McCullough what it would take to convince him to consider Bitcoin not only as a commodity but as a payment system as well. The investment fund CEO responded that the only thing he believes is the math implied by his trading signal.

Earlier, McCullough admitted that he treats Bitcoin just as any other commodity with no sentimental narrative of it being anything more than just that.

card

Breaking $10,522 would shut bears up for good: Scott Melker

Prominent trader Scott Melker has shared his take on the current Bitcoin price action, offering three scenarios, each being more bullish than the previous one.

“A daily close above $9,214 would be bullish. Breaking the descending black line would be more bullish. Breaking the purple line at $10,522 would be a higher high and would shut bears up for good.”

BTC
Image via Twitter, TradingView
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