Bitcoin speculators get burned as BTC price action delivers an overnight spike, only to reverse direction and give back all its gains.
BTC/USD annotated chart. Source: Crypto Tony/Xcontinued to preserveCommenting on Bitcoin’s interaction with the 200-week EMA in previous cycles, Michaël van de Poppe, founder and CEO of trading firm Eight, ventured that the market was in the midst of the “final” BTC price drop this time around.
“Technically speaking, we can solely focus on the price action in 2019, but that doesn't grant a clear case. The case in 2015 , we can correlate the current market with that cycle,” part of commentary stated.must hold in order to avoid a significant crash.In the meantime, we're facing a month of destruction. September. What's next for Bitcoin? …
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