An experienced Bitcoin analyst has recently shared his bullish outlook on the cryptocurrency. He predicts that Bitcoin's current rally, which has seen it surge to a new high of $44,313, is far from over. To explain his bullish stance, the analyst looked at the activities of BTC spot and futures traders on the market and observed that they are still accumulating dips and that Open Interest has been dropping with every rally. This suggests traders that went short on BTC got wiped out. He believes that this gives Bitcoin the momentum needed to effortlessly break through every resistance level and expects resistance at $40,000 to get melted through much faster than expected. At the time of writing, Bitcoin is up 4% with a trading price of $43,928.



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