Bitcoin recovers to near $21,000 as data shows whales bought the dip this weekend.
showed BTC/USD climbing to just shy of $21,000 at the time of writing, a three-day high.
The weekend had spooked the majority of the market and liquidated speculators with a trip to $17,600, marking Bitcoin’s lowest levels since November 2020. Now, with United States equities cool at the start of the week, comparative calm characterized the largest cryptocurrency. “Nice reaction off of the bottom of our 16K–20K demand zone,” popular trading account Credible Crypto“12 hours of bleeding erased in 2. No confirmation this is the reversal yet though. Focus on key HTF levels and don't get too caught up staring at the red 5-minute candles — they can be erased in an instant.”The idea of focusing on HTF, or higher timeframe price structures was shared by various commentators as the week began.
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