Daily Trade News

Will Bitcoin hold $60K? Leverage shakeout ‘close to complete,’ data



© Reuters.

(BTC) extended its slide on Nov. 16 as BTC price action returned to test $60,000.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down 8% from Monday’s local highs above $66,000.

futures 1-hour candle chart showing gap. Source: TradingView
BTC/USD 1-day annotated candle chart (Bitstamp). Source: Rekt Capital/ Twitter (NYSE:)