The stock market sell-off led some analysts to believe that bitcoin was dead in the water.
Price behavior in BTC has managed to hold up in an incredibly resilient fashion, and this brightens the outlook for those bullish on the space as we head into the final weeks of this year.
Against the U.S. dollar Bitcoin Cash has rallied sharply since the beginning of the month, and BCH/USD is currently posting a corrective move as a means to work off its overbought price conditions.
Bitcoin was bullish for the majority of last week, hitting new monthly high’s on optimism for more institutional investments, but it returned some of its recent gains on regulatory jitters. The SEC reportedly ended its public comment period on Bitcoin ETF applications, which suggests that a decision could be announced