2 key Bitcoin price indicators show pro traders are waiting for $36K
Cointelegraph
Published Jan 06, 2021 01:13PM ET
Updated Jan 06, 2021 03:00PM ET
Bitcoin (BTC) recently reclaimed $35,000, but top traders at Huobi, OKEx and Binance are not buying the breakout. Unlike the savvy institutional investors who may be desperate for protection against the debasement of fiat, the more crypto-focused investors seem to be waiting for dips.
Institutional investors might also be celebrating the Jan. 4 announcement that the Office of the Comptroller of the Currency will allow banks to include stablecoins in bank-permissible functions. This further validates the crypto sector and may result in a rise in institutional participation in the space.
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Written By: Cointelegraph
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