Ascending channel Bitcoin price breakout possible despite OKEx scandal

Ascending channel Bitcoin price breakout possible despite OKEx scandal

Earlier this week (BTC) entered a bullish breakout at $ 11,725 ​​after the previous week’s announcement that Square bought $ 4,709 BTC but since then the price has fallen back into a side bracket.

Several releases close to $ 11,500 and recent news from OKEx stopping all withdrawals as its CEO “cooperates” in an investigation by the Chinese authorities is also weighing on investor sentiment and the price of Bitcoin.

Overview of the daily performance of the cryptocurrency market. Source: Room360