The news probably caused the spike a little and trigger some short squeeze fuelling the 300+ pts surge. Mentioned in previous post of testing the 3300 zone support then bouncing but didn't expect it to shoot up so high 300+. Likely to cooldown after the news tampered down. Possible test of 3500 support zone and making a push for big channel top resistance around + horizontal resistance around 3720 zone.
News: (Current) https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :120
Dominance :53
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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Published by OnePercentBetter
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the market has been bear for so long, even the slightest bit of good news was going to surge it
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yeah cycle didnt expect the surge to be so much pts
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