Bitcoin bounces to $83.3K, but 2 factors cast doubt on BTC’s bull run
Photo: AMBCrypto
Late on Monday, October 12, Bitcoin [BTC] prices dipped to $81k once again. Since then, BTC has seen a 2.9% price bounce to $83.3k in 4 hours, as of the time of writing. The bounce shouldn't fool market participants into going long. The net taker volume was negative once again, reported crypto analyst Maartunn. This metric tracks aggressive (market order) taker volume, since takers tend to dictate trend direction. Using the 30-day moving average to sort out which party is in control, the analyst found that net selling has been predominant throughout October.
Source: AMBCrypto
