Bitcoin ETF hype returns as 'aggressive bid' sends BTC price near $38K
Bitcoin ETF talk is accompanied by a snap return to the top of the recent BTC price trading range. Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “ aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: "Something is cooking" Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870. A subsequent cooling off kept the market near $37,500, with the mood markedly different to just 24 hours prior. Then, concerns over United States legal action against largest exchange Binance had sparked a cascade of long liquidations, which only ended at one-week lows. #Bitcoin Almost back to the top of the range. The $38K level remains my main level of interest. https://t.co/N0K3DHIV4w pic.twitter.com/J9ZTWbusu3 — Daan Crypto Trades (@DaanCrypto) November 23, 2023 The bounce ended up equally impressive, however, and appeared to catch so...