Bitcoin Finally Finds Support at the $4,000 Level: What's Next?
Bitcoin just had a liquidity moment.
Perhaps it is related to liquidity issues and selling as discussed in Bond Market Dislocation: What the Hell is Going On?
There is every reason to believe Bitcoin has more liquidity moments ahead of it.
Bitcoin briefly fell below $4,000 then started a rebound. Where to from here?
I managed to catch a screenshot of Bitcoin right after it crashed through the $4,000 mark.
At that time it was down over $3,718, about 48% on the day.
Buyers then stepped in pushing the price back over $5,000, a rebound of over $1,000 in a matter of minutes.
Perhaps it is related to liquidity issues and selling as discussed in Bond Market Dislocation: What the Hell is Going On?
There is every reason to believe Bitcoin has more liquidity moments ahead of it.
Bitcoin briefly fell below $4,000 then started a rebound. Where to from here?
I managed to catch a screenshot of Bitcoin right after it crashed through the $4,000 mark.
At that time it was down over $3,718, about 48% on the day.
Buyers then stepped in pushing the price back over $5,000, a rebound of over $1,000 in a matter of minutes.
Penafian
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