On February 24, within minutes, the Bitcoin price dumped by 11 percent from $4,150 to the mid-$3,000 region, pushing the crypto market to lose $11 billion on a single day. Investors expected a pullback to occur on the price trend of Bitcoin but many traders were surprised by the magnitude of the drop. Speaking to CCN, a cryptocurrency technical analyst with an online alias “The Crypto Monk” explained that the abrupt price movement was simply a technical movement. Bitcoin Bullish Momentum Not Over As soon as Bitcoin cleanly broke out of the $4,000 resistance level and neared $4,200, it dumped
The post Bullish Crypto Momentum Will Stick Despite Brutal 11% Bitcoin Dump appeared first on CCN
from CCN https://ift.tt/2H3sp5w
No comments:
Post a Comment
We have received your message and would like to thank you for writing to us, we will reply by email as soon as possible.
Talk to you soon,
[Pakcoin Worker]
[Pakcoin Global]