Bitcoin OCT 13
$Bitcoin(BTC.CC$ On Oct. 13, the slightly higher-than-expected inflation data caused $Bitcoin(BTC.CC)$ to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The stock market also reacted negatively as the tech-heavy $Nasdaq Composite Index(.IXIC.US)$ moved down 3% after the inflation data was released.
It is worth highlighting that the dip under $18,600 lasted less than 5 hours. Bears were likely disappointed as a 6.3% rally took place soon, causing Bitcoin to test the $19,500 resistance.
It is worth highlighting that the dip under $18,600 lasted less than 5 hours. Bears were likely disappointed as a 6.3% rally took place soon, causing Bitcoin to test the $19,500 resistance.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Sharing stocks and crypto ideas… when I’m not working I’m trading and analyzing the market. Trading is Fun stuff
7Followers
28Following
18Visitors
Follow