- Bitcoin price has traded differently during US stock market open hours, ascribed to ETFs and institutions.
- Social metrics continue to dwindle as traders show weak ‘buy-the-dip’ interest, which explains multiple retests of $60,600.
- Crowd’s lack of faith could signify that prices are close to bottoming out.
Bitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session. However, the downside potential appears to have been capped. Markets have noted significant trading differences between sessions, and while the Asian market showed strength, whatever ground they were able to cover was oftentimes wiped out by traders in the US.
Also Read: Bitcoin looks set to close week in red as price correction fumbles in US session
Bitcoin trades differently during US stock market open hours
Bitcoin price has frowned faces during US stock market…
