Bitcoin Fractal Seen Before Black Thursday Crash Appears Again

Bitcoin sells off at $9,900 after printing three consecutive winning sessions. The cryptocurrency’s latest move serves as a reminder of its price action before the “Black Thursday” crash. The fractal’s validation risks extending Bitcoin’s downside correction towards its long-term moving average. Bitcoin’s three-day winning streak came to an abrupt end on Friday as its price fell by approximately $700 from its local high near $9,900. The BTC/USD exchange rate plunged a little over 7 percent […]
Bitcoinist.com

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Author: toutiao