Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches

Cointelegraph

Published Aug 15, 2020 07:32PM ET

Updated Aug 15, 2020 09:20PM ET

Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed.

Experienced traders will also know that exchange order books thin out during the weekend, providing opportune moments for clever Bitcoin whales to exploit these gaps and sway the price through whipsaw volatility.

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