After hitting new all-time highs, Bitcoin hints at early signs of short-term correction to reset its overleveraged futures market. Bitcoin’s price dropped 6% between Nov. 13 and 15, exhibiting its first period of correction since breaking above its previous all-time high of $73,880. Bitcoin 4-hour chart. Source: TradingView With BTC undergoing price discovery on Nov.…
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Bitcoin’s failure to hold $68,000 could be an early sign that a price reversal is beginning. Bitcoin’s price has rebounded by more than 7.5% in seven days after hitting a 10-week high of $67,922 on Oct. 15. However, a sharp correction in the coming days is possible based on several technical and onchain factors. BTC/USD…
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