Bitcoin buying algos ‘seldom care about price’ in 2021, says analyst

Bitcoin (BTC) is not far from a blow-off top price implosion but investors are “aggressively” buying the dip.

Speaking to Cointelegraph on Jan. 8, popular analyst filbfilb revealed that Bitcoin was due a corrective phase given the pace of recent gains.

filbfilb: I don’t think we’re far from blow-off top

On Thursday, BTC/USD exceeded $40,000 before a spectacular reversal saw a $2,200 drawdown in under give minutes. Thereafter, fresh attempts to flip $40,000 to support were met with rejection,…

… Continue Reading at: cointelegraph.com [source]

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