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Here’s how 19 November can dictate Bitcoin’s short-term trend
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Bitcoin bulls seemed to rejoice as the top asset registered a new ATH of $69k on 10 November. However, the bullish sentiment didn’t last long. And, bears yet again were back in control, with the crypto falling under $60k.
As the cryptocurrency fell by 10%, bulls seemed most affected. Especially since most of the call (buy) options for 19 November had been placed at BTC’s $66k price level or higher. While that price level wasn’t too much to achieve a while back, recent choppy action makes it all the more difficult.
Following the aforementioned price action, the spot markets have been rather mellow, riding on a wave of borderline bearish sentiment. Now, even though year-end price expectations are still looking intact, many in the market are
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