Jan 04 2021

Bitcoin Recovers from Overnight Plunge, But It’s in a “Dangerous” Position

published by Cole Petersen
in blog Bitcoinist.com
original entryBitcoin Recovers from Overnight Plunge, But It’s in a “Dangerous” Position

bitcoin btcusd btcusdt xbtusd

Bitcoin saw some wild overnight volatility that came about after a flurry of selling activity liquidated long positions and sent its price reeling lower This selloff was quite intense and caused the aggregated market to face some immense selling pressure that is showing no signs of letting up One analyst explained that where the market trends next will undoubtedly depend largely on the...