On February 24, within minutes, the Bitcoin price dumped by 11 percent from $4,150 to the mid-$3,000 region, pushing the crypto market to lose $11 billion on a single day. Investors expected a pullback to occur on the price trend of Bitcoin but many traders were surprised by the magnitude of the drop. Speaking to CCN, a cryptocurrency technical analyst with an online alias “The Crypto Monk” explained that the abrupt price movement was simply a technical movement. Bitcoin Bullish Momentum Not Over As soon as Bitcoin cleanly broke out of the $4,000 resistance level and neared $4,200, it dumped
The post Bullish Crypto Momentum Will Stick Despite Brutal 11% Bitcoin Dump appeared first on CCN
source https://www.ccn.com/brutal-11-bitcoin-dump-bullish-momentum-not-over
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