Bitfinex Whales That Marked the August Highs Suggest Bitcoin to Top

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Bitcoin has undergone a strong drop since the highs yesterday. Order book trends indicate that the coin may proceed its reversal in the weeks ahead. Analyst Cole Garner shared a chart showing Bitcoin’s recent price action, along with the order book data from Bitfinex. This data suggests that the cryptocurrency is likely reaching a trend high and may see a reversal as it did at the end of August and the start of September. Bitcoin Could Soon Top, Order Book Trends Show Bitcoin has undergone a strong drop since the highs yesterday. The coin dropped from the highs of $13,850 to lows around $12,900. This was a $1,000 correction. Some think the coin will resume its uptrend soon. But according to order book data shared by Cole Garner, a crypto-asset analyst, a medium-term top may be in the midst of forming despite the bullish expectations of some. Garner shared the…

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