More than $200 million of daily crypto liquidations accompany an about turn for Bitcoin price action.
Bitcoin (BTC) reversed in classic fashion on March 10 after bulls failed once again to hold higher levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBart’s back on the Bitcoin chartData from Cointelegraph Markets Pro and TradingView showed BTC/USD forming a characteristic “Bart Simpson” retracement pattern overnight on Wednesday.The pair had managed to pass $42,000 before consolidating, but a lack of support meant that a drop back to its previous trading zone below $40,000 was the grimly familiar outcome.Such “Bart” formations had come several times in the weeks prior, and underscored the difficulty experienced by a market stuck firmly in an established trading range for months.- Was no follow up in price or volume for deriv bidders- attempting to unwind their longs and tanked the market volume, predi
We współpracy z: https://cointelegraph.com/news/bitcoin-prints-classic-bart-pattern-as-btc-price-dives-back-below-40k
