Bitcoin price sees 'hell of a reversal candle' as 168,000 BTC leaves exchanges

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Bitcoin price sees 'hell of a reversal candle' as 168,000 BTC leaves exchanges
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The bulls are back! Bitcoin adds 30% in 24 hours to target $31,000.

Bitcoin's relative strength index referred to by CryptoBullet measured 31 at the time of writing, still in oversold territory and its lowest since January.As the dust settled on Terra, LUNA and UST, however, not everyone was convinced that the worst was over.Among them was the official @Bitcoin Twitter account, which like several others noted that even the week's lows did not represent a"classic" maximum drawdown versus all-time highs.on the day.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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