Edward Snowden says he feels 'itch to scale back in' to $16.5K Bitcoin

Edward Snowden says he feels ‘itch to scale back in’ to $16.5K Bitcoin

Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSnowden hints BTC price echoes March 2020

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging below $17,000 on the day after a dismal weekly close.

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The largest cryptocurrency had failed to show convincing signs of recovery after losing more than 25% the week prior thanks to the debacle around exchange FTX.

That debacle was ongoing at the time of writing, with revelations fanning out to include other firms with significant exposure to the defunct exchange.

With little light at the end of the tunnel visible, BTC price action remained unsurprisingly weak.

“Markets consolidating,” Michaël van de Poppe, founder and CEO of trading platform

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