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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h251">Bitcoin is currently in a bullish trend: Keith McCullough</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h350">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 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.
<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> 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 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="#h251">Bitcoin is currently in a bullish trend: Keith McCullough</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h350">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 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.
<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> 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 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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