Is the Bitcoin Price’s Bull Trend Intact After the 4% Flash Crash?
Wow. After days of extremely low volatility, with Bitcoin grinding higher without much downward price action, BTC suddenly dropped 4% in twenty minutes just last hour, plunging from $10,100 to $9,700 in a rapid sell-off. This move filled a CME gap formed this weekend, which is actually a more bullish sign than it is bearish.
Though, as fast as the price dropped, it recovered. As of the time of writing this, Bitcoin is trading at $9,999.92, having effectively recovered the entire drop, save for a
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