HomeUncategorizedBitcoin puzzles traders as BTC price targets $40K despite declining volume By Cointelegraph

Bitcoin puzzles traders as BTC price targets $40K despite declining volume By Cointelegraph

November 10, 2023

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© Reuters.

(BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.

1-hour chart. Source: TradingView

After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark.

BTC/USDT order book data for Binance. Source: Material Indicators/X
Bitcoin exchange futures open interest (screenshot). Source: CoinGlass