Pro traders don’t expect Bitcoin to break and hold $20,000 anytime soon

Pro traders don’t expect Bitcoin to break and hold $20,000 anytime soon

Bears have controlled BTC price by forcing 111 daily closes below $25,000 and derivatives data shows a reversal of this trend is highly unlikely. One hundred and eleven days have passed since Bitcoin (BTC) posted a close above $25,000 and this led some investors to feel less sure that the asset had found a confirmed bottom. At the moment, global financial markets remain uneasy due to the increased tension in Ukraine after this week’s Nord Stream gas pipeline incident. The Bank of England's emergency intervention in government bond markets on Sept. 28 also shed some light on how extremely....


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