Bitcoin (BTC) is demanding a “slightly bearish” rethink on price action as old support levels give way overnight.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts sounds alarm over open intereData from Cointelegraph Markets Pro and TradingView showed a low of $55,640 on Bitstamp on Nov. 19.
Capitalizing on its lowest levels in over a month, Bitcoin has failed to bounce significantly since — and now price forecasts are beginning to change with it.