Nov 12 2020

4 reasons Bitcoin’s climb to $16k is such a volatile rollercoaster

published by Joseph Young
in blog CryptoSlate
original entry4 reasons Bitcoin’s climb to $16k is such a volatile rollercoaster

analysis btcusd price watch

The price of Bitcoin hit $16,000 on November 12 and it is exhibiting extreme volatility. After BTC achieved $16,150, it fell to as low as $15,600 within two hours. There appear to be four major factors behind this volatility. The potential catalysts are a miners’ sell-off, whales taking profit, the significance of the $16,000 resistance level, and the lack of...

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