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Bitcoin Squeezed at $78,000: Bollinger Compression, a Wall of Moving Averages and $643 Million in ETF Outflows
A $805 range in a $1,896 marketBitcoin entered November boxed in. On Binance spot it traded at $78,004.74 on November 1, up 0.78% over the prior 24 hours, after printing an intraday range of just $77,262.72 to $78,068.00. That $805 range is well under half the 14-period Average True Range of $1,896.06 — a session defined by compression rather than commitment, where price coils instead of...
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