Bitcoin hodlers will ‘soon see why’ .6K BTC price pump is fake — trader

Bitcoin hodlers will ‘soon see why’ $21.6K BTC price pump is fake — trader

Bitcoin (BTC) spiked to one-week highs on July 17 amid warnings that traders should not trust current BTC price action.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Binance inflows see multi-week high

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $21,600 on Bitstamp, its best performance since last Sunday. 

The pair saw a fresh leg up during the weekend, this nonetheless coming on the back of thin, retail-driven “out-of-hours” liquidity with…


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