Each bull’s attempt to break through upwards ends with failure. It seems that investors may need just about a month to accept the new reality, which led to profit-taking and losses and started fresh selloff.
On the other hand, the CME data show that the number of long positions on Bitcoin futures for October increased twofold. While the mood of retail investors deteriorated, professional speculators use this correction to get Bitcoin for lower price.
The FxPro Analyst Team