BTC traders caught off guard: 3 reasons Bitcoin dropped 2% in just 1 hour
The price of (BTC) declined by 2% in under an hour in a sharp correction on Nov. 2, catching traders off guard. Coincidentally, the futures market opened with a new gap, making $13,100 an area of interest for sellers.
Three technicals reasons likely fueled the abrupt decline in the price of Bitcoin: CME gap, major resistance and monthly moving averages (MAs).
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