Bitcoin hits new post-FTX high as analysis warns move 'choreographed'
The current BTC price boost may not be a natural phenomenon any longer, new research says. Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Concern over BTC liquidity"exploit" Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated above $21,000 after hitting $21,455 on Bitstamp. That marked the pair’s highest point yet in 2023, the latest accomplishment in a bullish recovery unchallenged since the FTX debacle. Amid widespread mistrust of the move, however, fresh warnings arose as Bitcoin continued to defy predictions of a major retracement. Analyzing order book composition for BTC/USD on largest exchange Binance, Material Indicators expressed surprise that those bidding Bitcoin higher had not yet pulled support. “Been expecting the block of bids placed Fri the 13th to rug, but it's attracted over 2x the amount ...