Bitcoin Analysis: Week of Nov 23 (Concept Review)
As usual we start with an overview of what last week’s conclusion stated: Once again Bitcoin price movements are proving to be extremely more difficult to forecast from both a technical and fundamental perspective. It should now be a fact that the great rally in early November was nothing more than traders moving the market. The evidence for that is now that things have settled the price is lower than it was prior to the start of the rally. This is not the type of pricing action that takes place during any kind of fundamental improvements. However, there is nothing wrong with traders....
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