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After Dip of $500, Bitcoin Price Back to Trading Sideways at $10,200

From cointelegraph.com

Bitcoin’s sideways trading behavior has become standard operating procedure in recent months, with long periods of sideways action giving way to sudden drops in prices, only to shoot back up to previous price levels. Bitcoin price has started to trade sideways once again, currently at around $10,290 per coin, according to data from Coin360. Some have tried to explain why BTC/USD began gaining and losing several hundred dollars within minutes at irregular intervals. One theory revolved around margin trading — an increasingly popular tool offered by major exchanges such as Binance and, most notably, BitMEX. Twitter ... (full story)

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  • Category: Technical Analysis