Bitcoin [BTC] Traders Eye 200-Day Moving Average for Support – Can it Bounce-Back?
Bitcoin [BTC] broke down in a frenzy on Tuesday as it tested lows around $8000. The break-out from the descending triangle quickly escalated the fear among traders holding a long position. About $500 million in long positions on Bitcoin was liquidated on BitMEX yesterday. The price tested the break-out level at $9450 for a while
Bitcoin [BTC] broke down in a frenzy on Tuesday as it tested lows around $8000. The break-out from the descending triangle quickly escalated the fear among traders holding a long position. About $500 million in long positions on Bitcoin was liquidated on BitMEX yesterday. The price tested the break-out level at $9450 for a while