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22.11 - 19:59
Bitcoin has been seeing some ‘unusual activity’ and this is what it means
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Oh boy, Bitcoin. Short-term sellers would be panicking over the sight of its immediate price action as the asset has been on course for a massive swing action between $64,500 and $60,380 over the last 48 hours. At the moment, the tide is swinging towards the bears, but there might be something the larger market has missed. Something that may give us a better idea of what to expect from the immediate market trend.
Source: Trading View
While consistent decline and steady recovery are often attached to BTC’s market rapport, over the past week, a couple of incidences should be up for discussion.
On 28 October at 18:00 UTC and 3 November at 18:00 UTC, BTC opened a long trading range on the hourly candle. They were massive swing trades of 5.59% and
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