AlexKuptsikevich

Bitcoin tries to interrupt its race to decline

Long
BITFINEX:BTCUSD   Bitcoin
Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers.

According to Trustnodes, in November alone, finished ICO projects sold 416,000 raised ETHs, while about 3 million coins remained in their hands, which directly indicates the prospect of further sales.

We observed a similar rebound (albeit not confirmed by volumes) in November but that one was short-lived and further sale-off push the cryptocurrencies to new multi-month lows.

This time is different... some kind

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.