Jeff Kilburg's Bearish Bitcoin Trade

Jeff Kilburg shared with the viewers of CNBC's "Futures Now" his bearish bitcoin trade.

He thinks that after a big move higher, bitcoin could pause a bit, so he is a seller at $6,200. Kilburg added that he is a seller from a technical standpoint only. His target price is $5,800 and he placed a stop loss at $6,450.

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