This Level Marked Bitcoin’s $3,000 Bottom. Now, It’s Marking the Local Top

Bitcoin’s price seemingly moves without rhyme or rhythm. As a result, day-to-day, no one has been able to accurately predict the movements of the cryptocurrency, accentuated by the fact that some $1 billion+ worth of long positions (and short positions) were liquidated on BitMEX and other trading platforms during March 12th’s flash crash to $3,700. But despite this, data suggests that Bitcoin’s long-term trends are somewhat predictable. And one indicator, which has been historically accurate, […]
Bitcoinist.com

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Author: toutiao