We know by now that the first move does often create the monthly high or low within the first ~12 days. This happens about 80% of the months.
Price has taken a quick dive straight from the candle open so far in December, leaving no wick above either. This doesn't make for the strongest high.
Good to watch closely in the 1-2 weeks ahead. Often these instant moves from the open, do end getting retested. October was a good example of that recently.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC The final month of the year.
We know by now that the first move does often create the monthly high or low within the first ~12 days. This happens about 80% of the months.
Price has taken a quick dive straight from the candle open so far in December, leaving no wick above either. This doesn't make for the strongest high.
Good to watch closely in the 1-2 weeks ahead. Often these instant moves from the open, do end getting retested. October was a good example of that recently.
#CryptoMarketWatch
#BitcoinPriceWatch