Blink and you'll miss it! BTC taps $31,000 again, but it's a hard place to hold.
In a copycat move, seemingly with, BTC/USD managed to approach resistance before momentum waned, subsequently falling back over $800.
Some form of continuation did set in thereafter, and at the time of writing, Bitcoin traded around $30,500. For Michaël van de Poppe, founder and CEO of trading firm Eight, the overnight move had all the hallmarks of a “leverage crunch.”“Bitcoin had a leverage crunch in the past 24 hours, taking out all the highs & going back to the start in one go. The only difference between now and Thursday? No new lows have been made. $30,200 supporting.
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