Bitfinex was found in 2012 in Hong Kong; moreover, after the Mt. Gox hack, it became the leading Cryptocurrency Exchange in the world in 2015. Recently, it was accused of falsifying records and covering up lost funds to the tune of $850 million. Many suspicious activities have been recorded on Bitfinex post the court case
Bitcoin pulled back to the ‘no-trade zone’ or ‘resistance zone’ as seemed to have pulled back from the break-away from the ascending triangle on 22nd April 2019 above $5600. While most traders believe with high probabilistic certainty that the ‘bottom is in’, the bears and bulls still seem to be in a tussle. The price
Bitcoin broke above the $5,500 mark on 23rd April 2019. The bullish run since the beginning of the month was laid with Fear, Uncertainty, and Doubt (FUD). Various traders marked it is as the ‘no trade zone.’ However, Bitcoin has broken above an ascending triangle is formed on the daily chart after the bull run.