Analysis: Weekends are whale game time, and low liquidity trends tend to fully retrace
2024-11-10 07:55
Odaily News In line with recent weekend price trends, Bitcoin bulls appear to be taking advantage of weak liquidity to push the market higher. Cryptocurrency analyst WhalePanda wrote on X: "Movements with low liquidity on weekends are almost always fully retraced." In addition, Material Indicators co-founder Keith Allen reiterated the need for "some pullbacks" during BTC price increases, "Of course, weekends are the time for whale games, and we are in the price discovery phase, so at this point, I am more concerned about Bitcoin's weekly and monthly closing prices." (Cointelegraph)
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