Wen moon? Data shows pro traders becoming more bullish on Bitcoin price -Breaking
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© Reuters. 4700BTCThe Nov. 29 price rise was likely to have been a relief to holders. However, it is premature to declare the bottom according to derivative metrics.
The Bitcoin price has fallen 15% from its Nov. 10, 2016 record of $69,000, which should be no surprise. After an unexpected 22% correction, Bitcoin was back testing $53,500 support just 15 days later.
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