news

bitcoin

1 X bitcoin bitcoin =

Tuesday

24 November 2020

4 reasons why Bitcoin’s bull run is intact despite a surprise stop hunt

4 reasons why Bitcoin’s bull run is intact despite a surprise stop hunt


smart summary beta

The four factors that show Bitcoin’s momentum remains strong are whale inflows, a strong market response, resilience above each whale cluster, and high open interest.

Data from Skew shows that the open interest in the Bitcoin futures market is increasing.

High open interest typically means that there is a significantly high number of traders speculating on the price of Bitcoin

However, based on the optimistic whale data and the market’s strong reaction to large dips, the chances of the next volatiltiy spike favoring Bitcoin are higher.

Goto Full Article

bitcoin bitcoin price

$19287.36

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2020