'Massive Shakeout' In Crypto Short Positions

Scott Bauer talks cryptocurrencies, saying there is a “massive, massive shakeout” of short positions. He calls $68,000 major resistance and $64,000 potential support. He thinks if Bitcoin makes new all-time highs, $80,000 might be a good level to watch. Scott calls Ethereum the “forgotten child” after ETFs launched, disconnected from Bitcoin’s movements.

Market On Close

14 Oct 2024

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