Analyst: One-Week Chart Implies Bullish Bitcoin Price Reversal

The Bitcoin price has seen a crazy past 36 to 48 hours. After tumbling to as low as $7,300 in the middle of this week for seemingly no reason, BTC shot higher on Friday and Saturday, blowing the socks of traders the industry over. In fact, $400 million worth of BitMEX long and short positions were liquidated over a recent trading session.
While undeniably positive in and of itself, it is important to note that this gargantuan move, which brought Bitcoin as high as $10,600 on some exchanges, does