đ Bitcoin bounced back in a V-shape!
After Democrats won both the House and Senate, $BTC dropped to about $75,700 (its lowest since mid-September), then jumped back to about $78,300.
Traders placed big bets on election day that the price would rise â $420M in "up" bets vs only $105M in "down" bets.
Research firm 10x Research says Bitcoin looks oversold and could head toward $82,000.
But big funds are still selling: Bitcoin ETFs lost $115.6M on Nov 3 â the 3rd day in a row, over $1.15B in 3 sessions.
Next big price level to watch: $79,500, then $80,000. đ
#bitcoin
After Democrats won both the House and Senate, $BTC dropped to about $75,700 (its lowest since mid-September), then jumped back to about $78,300.
Traders placed big bets on election day that the price would rise â $420M in "up" bets vs only $105M in "down" bets.
Research firm 10x Research says Bitcoin looks oversold and could head toward $82,000.
But big funds are still selling: Bitcoin ETFs lost $115.6M on Nov 3 â the 3rd day in a row, over $1.15B in 3 sessions.
Next big price level to watch: $79,500, then $80,000. đ
#bitcoin
