It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K
Cointelegraph
Published Sep 17, 2020 01:08PM ET
Updated Sep 17, 2020 02:40PM ET
Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level.
Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets are especially sensitive to trend changes due to leverage.
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Written By: Cointelegraph
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