Bitcoin’s futures premium indicates that the bullish momentum is no longer present, so is BTC price at risk of a trend reversal?
Bitcoin derivatives have flipped, suggesting that the bullish momentum seen over the past month is now gone, while Bitcoin’s (BTC) correlation to traditional markets has noticeably increased.
BTC price experienced moderate volatility toward the end of Jan. 14 as its price plunged to $41,690, paring 3% on Jan. 15.
Related: BTC speculators dump $5B — 5 things to know in Bitcoin this week
Read more
Source: https://cointelegraph.com/news/bitcoin-defend-key-price-level-44k-next