Nov 19 2020

Traders Forecast Bitcoin Will See a “Cool-down Period” as Rally Overheats

published by Cole Petersen
in blog Bitcoinist.com
original entryTraders Forecast Bitcoin Will See a “Cool-down Period” as Rally Overheats

bitcoin btcusd btcusdt xbtusd

Bitcoin has been caught within the throes of a consolidation phase ever since its price exploded up to its recent highs of $18,600 The selling pressure that existed here was significant and sparked a $1,000+ move lower that was eventually absorbed by bulls This price action has done little to provide insight into its near-term outlook, as both bulls and bears have shown...

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