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Bitcoin: Your guide to how to identify the next ‘bottom’
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Even though last week was a consolidation phase no one was fond of, it was a much-needed breather for BTC’s price trajectory. Bitcoin’s price was oscillating around the range of $60k – $62.5k for the most part of the last fortnight. And, just when everyone thought a correction to $55K may be due, Bitcoin surprised the market with a move above $65k as the second week of November began.
Nonetheless, there seemed to be some clear signs of a breakout, even as BTC continued its rangebound movement. At the time of writing, Bitcoin was trading at $66,027.5 noting close to 6.74% daily and 6.07% weekly gains.
Impatience triggering the rally
Over the last week, as traders watched Bitcoin remain in the low $60k range, there appeared to be a shift in
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