Bitcoin Futures Point to Potential Gains

(Bloomberg) — Bitcoin futures are hinting at upside potential if the positive mood from equities spills over into cryptocurrencies. With the rollover into the April contract underway, the March-April spread has been holding below 100 — relatively modest for Bitcoin — which means there is room for a catch-up rally if stocks stay firm. Other bullish signs include open interest rising along with futures prices, and futures trying to push above the triangle pattern that has been holding Bitcoin in check for several weeks.

 

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