Bitcoin Futures Activity Dictating Market Direction as Price Surpasses $12,000

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It has been another day of gains on crypto markets and yet again bitcoin price is surging. Just like yesterday, traders in Asia are dictating movements as BTC shot past $12,000 a couple of hours ago. Asian Trading Moving Bitcoin A virtually identical shift in price action has happened again in Asia as bitcoin lifted above the $12k milestone. After spending most of the day trading around $11,700, with very little momentum coming from US trading hours, BTC started to lift again. As this is being written it is hitting a new high for almost a month of $12,300 according to Tradingview. BTC price 1-hour chart – Tradingview.com The chart clearly shows the minor fractal that happened the same time yesterday when it was suggested that Chinese buyers were loading up on bitcoin as their currency dropped to a ten year low against the US dollar. The pump has added…

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