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Death cross vs. $96K rebound: 5 things to know in Bitcoin this week
Bitcoin heads into the November monthly close hanging by a thread below $90,000. • Bitcoin traders hope for a modest recovery and even a return above the $100,000 mark after a brutal sell-off. • BTC price action still has to contend with the aftermath of its latest “death cross” on daily time frames. • New data suggests that speculators are absorbing coins distributed by long-term holders. • US Thanksgiving holiday week offers a brief yet data-rich period for risk assets. • Crypto market sentiment is on the rebound as stocks sink deep into “extreme fear.” Is Bitcoin emerging from the wreckage? ... (full story)
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