The Breakdown With NLW Episode

Worried About Bitcoin's Price Action? Here's Why You Shouldn't Be

Although the bitcoin price has been wavering since March 13, there are historical, technical and foundational reasons to be optimistic.

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ABOUT

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Although the bitcoin price has been wavering since March 13, there are historical, technical and foundational reasons to be optimistic.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Download this episode

Today on “The Breakdown,” NLW digs into bitcoin and crypto markets. He argues that despite two weeks of sideways-down price action, there are a set of reasons to be optimistic:

  • Historically bad March months versus historically good Aprils
  • Retracements and pullbacks in 2017
  • Analysis around options expiry in 2021
  • The continuation and expansion of the macro inflation narrative
  • Institutions applying for bitcoin ETFs
  • Coins leaving exchanges

See also: Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

Image credit: Nuthawut Somsuk/iStock/Getty Images Plus

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

Nathaniel Whittemore