After a week or so of grinding upward, bitcoin has come back down to earth suddenly with a 9% dump so far today. Will the intense ETF buying take bitcoin back up again, or is this the beginning of a larger correction?
Bitcoin dips are usually bought back up…
Friday’s slide down as low as $65,600 possibly caught many by surprise. On Thursday a pullback had begun, which took the price down 7%, before bitcoin’s buoyancy cancelled out most of those losses. Tuesday was a similar story, with a 6% slump, which was then completely cancelled out by the following day.
We could even go back to Tuesday 5 March, when $BTC moved as much as 14.5% to the downside over the course of the day. This particular dump was then completely bought up 3 days later.
So, it seems to be a story of red candles that head rapidly down, and then a good part of these losses are cancelled out by the end of the day, leaving some relatively long wicks behind that point to probable strong institutional bu
We współpracy z: https://cryptodaily.co.uk/2024/03/bitcoin-takes-9-dump-more-incoming
