CandleFocus Price action ahead of the inauguration is ‘rigged for unpredictability:’ K33
2025-01-15
Author: Content Editor
The article discusses positive data supporting the belief that Bitcoin may experience positive momentum after January 20th. The trading volumes for Bitcoin have increased by 51% in the past week, reaching $4.3 billion in average daily volumes. The article also highlights the high volume and sharp recovery observed on Monday, suggesting strong buyer interest. The most volatile day for Bitcoin since early December was noted, with potential profit-taking being a possible explanation. The article also mentions a unique pattern of consistent green hourly candles in the past week, which has never been seen before in Bitcoin's history. The previous expectation of a sell-the-news event on January 20th may no longer hold true, as the current setup is described as "rigged for unpredictability." The article concludes by saying that while there may still be challenges ahead, it doesn't appear that Bitcoin is peaking yet.
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