Bitcoin (BTC) is looking shakier as the year end approaches. BTC dippet a bit below $7,300, as the previous support at $7,300 turned into resistance. Now, BTC is once again at a crossroads for either relief rally or a predicted dip to a lower price range.
BTC traded at $7,202.24 on Thursday, in a tense competition between bearish and bullish attitudes. Earlier, the coin dipped to $7,185 and bounced later. Volumes increased to above $18 billion in 24 hours, suggesting speculation increasing.
BitMex price discovery shows mid-range volumes above $1.7 billion per day on the futures markets, with the price moving close to $7,157. Spot markets mostly trade at a premium above $7,200.
The current price swings happen on relatively low volumes of USDT activity. The share of USDT pairings ha...