Bitcoin Crash Report — Bear Market Or Still On Our Way to $100K?
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Welcome back. It was a bloody Friday. Bitcoin plummeted from $57,000 to $45,000 within a matter of hours, or as low as $41,000 on some exchanges. First things first, did I expect this? No. No one can really expect flash crashes like this. I did say that we were due for a correction. I thought a correction from $69,000 to $57,000 would suffice in flushing out excess leverage in the system. But I was wrong in regards to the severity of the drop.
Bitcoin Crash Report — Bear Market Or Still On Our Way to $100K?
Bitcoin Crash Report — Bear Market Or Still…
Bitcoin Crash Report — Bear Market Or Still On Our Way to $100K?
Welcome back. It was a bloody Friday. Bitcoin plummeted from $57,000 to $45,000 within a matter of hours, or as low as $41,000 on some exchanges. First things first, did I expect this? No. No one can really expect flash crashes like this. I did say that we were due for a correction. I thought a correction from $69,000 to $57,000 would suffice in flushing out excess leverage in the system. But I was wrong in regards to the severity of the drop.