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As metrics paint a ‘unique picture,’ Bitcoin’s price headed in this direction
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After the first Bitcoin dip under the $60K level on 16 November, the chants of “buy the dip” surged with the expectation of a recovery. The king coin, however, had other plans. BTC’s price tumbled from a high of $66,281 to a low of $55,641 in just a week. This has thrown the market into a panic mode.
With the larger market mood looking bearish after another dip on November 23, sentiment played catch-up as spot price contrasted with the larger bullish signals from the metrics. As measured by the
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