Paul Tudor Jones said to be buying bitcoin as hedge

The price moving closer to the $10,000 level

There our reports that legendary hedge fund manager Paul Tudor Jones is buying bitcoin as a hedge.

The price moving closer to the $10,000 level_
Looking at the price on the Coinbase exchange, the price has reached a high of $9970 - just short of the natural target at $10,000.   The last time the price traded above the $10,000 level was back on February 24 when the price reached $10,030

Technically, the price is approaching the 61.8% retracement of the move down from the June 2019 high to the March 2020 low. That level comes in at $10,044.45. Above that and traders will be looking toward the October 2019 high and February 2019 high at $10,540 and $10,522 respectively. Move above that level opens up the door for a run toward the $11,000 level.

The price moved above its 100 and 200 day moving average back on April 29
and raced higher (blue and green lines). Those moving averages currently are around $8017. Stay above is more bullish. The price is also above the 50% retracement of the move down from the June 2019 high. That level comes in at $8863.22.

Whether a appropriate hedge are not. What is important is the media acknowledgment that a well-known investor is actually the merits of bitcoin and his portfolio (probably leaked by said hedge fund manager). 
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