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The stats are working against bitcoin bulls today
Bitcoin futures followed their seasonal tendency to rally on Thanksgiving Day. And pattern is to hold true today, it could be set for a down day as we veer into the weekend. Since inception, bitcoin futures have: • Posted negative average returns of just under -1% on the Friday following Thanksgiving (TG) • Closed lower on Friday, four of the past five years (-5.9% average negative return, -24% total return) • Seen the second highest daily range of the three days either side of TG (9.6% average 10.9% median) charts It is a shame the stats are so bearish for Bitcoin today, because the price action appears ... (full story)
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- Posted: Nov 28, 2024 8:52pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 167
