Trading Activity Around Bitcoin’s Monthly Open Points to Retail FOMO

News BTC | Jun 5, 2020 at 12:00 AM
  • June has been off to a turbulent start for Bitcoin.
  • This fundamental strength appears to be reflected in the crypto’s technical strength as well, as analysts are noting that its market structure still heavily favors buyers.
  • One analyst recently noted that Bitcoin’s sharp rise after its monthly open was driven by the entrance of sidelined money into the market.