Analyzing Bitcoin’s latest price correction – How, why, and what next!

Quick Summary:

According to the on-chain analytics firm Coinglass, BTC’s Long/Short ratio had a press time value of 1.09, indicating strong bullish sentiment among traders.

Between 26 – 29 October, the cryptocurrency attracted significant attention owing to its 11% price rally.

Additionally, another whale bought the dip, adding 550 BTC worth $38.68 million as the price declined to its crucial support level.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Bitcoin Social News Trading View BTC Trading View News 1 Ambcrypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 13:00:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23364437

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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