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The 51.4 percent drop in Bitcoin’s value in March 2020 was the worst 24-hour black swan occurrence in the digital asset’s history. For investors who were affected by the Black Thursday crash, the recent price activity has most likely revived similar emotions. Bitcoin (BTC) price has fallen 29% in the last week, to $42,150, a …
Traders are afraid another Black Thursday crash is on the cards, but derivatives data proves the current correction has no resemblance to the March 2020 pullback.
Bitcoin is now trading in the low $40,000 range after a swift and sharp sentiment change. With the top cryptocurrency on the ropes currently, a massive breakdown in the stock market could be the fatal blow that puts the final nail in the bull market coffin. Here’s how turning stock market sentiment, a change in […]
The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the same fractal suggests that […]
With Bitcoin’s relative-strength indicator slumping to levels not seen since March 2020’s Black Thursday crash, Raoul Pal asserts BTC is overdue for a bounce.