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Bitcoin Price Rebounds Amid Dip Buying

From dailyforex.com

The BTC/USD pair rebounded, moving from this month’s low of 80,637 to the current 88,500. It has jumped by ~10% from its lowest point this month and is hovering at its highest point since November 20. Bitcoin Price Rebound Continues The BTC/USD pair bounced back as investors bought the dip after the pair plunged by 37% from its highest point this year. This rebound happened as the Crypto Fear and Greed Index tumbled to the extreme fear zone of 8 during the weekend. In most cases, Bitcoin and other coins normally rebound when there is extreme fear in the market as investors buy the dip. The BTC/USD pair also rebounded ... (full story)

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  • Category: Technical Analysis