Bitcoin may see major price volatility at the start of December— Here's why
The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The factors are general uncertainty around the BTC price, record-high futures trading activity and open interest, as well as the overextended weekly chart.
Throughout the rally of Bitcoin in recent weeks, the trading activity on major BTC futures exchanges has continuously increased. The researchers said: Although the institutional demand for Bitcoin has been rising, the futures market remains a major factor driving volatility.