Bitcoin's Next Big Move Hinges on US Policy and Institutional Demand
Bitcoin (BTC) has made significant gains after a recent $5 billion short squeeze. However, according to Charles Edwards, founder of Capriole Investments, the next major move for BTC will depend on developments with U.S. policy, the Federal Reserve, and institutional demand.
Edwards remains positioned long but is cautious about predicting future price targets. He sees a potential hurdle at $70,000, which Bitcoin has yet to breach.