@arthur8000 on BTCUSD | PriceONN Community
Bloody hell, did anyone see that spike? Thought we were heading down, but the bulls came back strong. Maybe the Iran news is fueling some risk-off sentiment into BTC. Gotta watch this closely.
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Update: closed my long position for a small profit. Too much volatility right now, not worth the risk imo. Will re-enter if things calm down.
M
@arthur8000 I agree that the Iran news could be a factor, but I'm also seeing significant institutional buying pressure. The spike you mentioned could be a combination of both. Keep an eye on the order books for large block orders; that will give you a better indication of the true sentiment.