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Bitcoin Strong Intraday Buying: Important Message On The BTC Chart For Crypto Investors In 2025
If anything, from a chart perspective, large wicks tend to have predictive value. What exactly does Bitcoin intraday buying on Jan 14th mean in terms of predictive value? First things first – the intraday recovery of Bitcoin on Jan 14th was nothing short of impressive. There are many reasons for that: 1. The fast pace of recovery, suggesting at very strong and broad buying interest below $90k. 2. Relative strength against leading stock indexes – always great if BTC moves up faster than stock indexes. 3. The specific point on the BTC chart where this happened. 4. The wick that was printed! Let’s look at the ... (full story)
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- Posted: Jan 14, 2025 9:45am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 305
