Bulls snatch back control as volume spike places Bitcoin price above $18.5K
Market Analysis Bitcoin's (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief that retail and institutional investors are keen to purchase every BTC dip. Although the possibility of another drop remains, three factors point toward a Bitcoin bottom at $17,650. The factors are, whale deposits hitting a peak, BTC posting a quick recovery, and trading volume picking up again. Whale deposits hit a peak According to CryptoQuant CE...
Source: cointelegraph.com