Tag: bitcoin

After closing the weekly session at $56,280 in a bearish engulfing pattern, down 6% from the old week, BTCUSD staged an abortive restoration within the early trading hours on Monday.A each day shut on Saturday beneath the major toughen level of 61165 triggered a like a flash, alarming decline on Sunday, leading to roughly $4.9 billion charge of BTC prolonged positions getting liquidated all the design through exchanges.As illustrated within the chart beneath, the charge bounced off the major pattern line (decrease pattern line) at $51,500 and within the slay secured the .618 Fibonacci level by each day shut, however failed to shut past the secondary pattern line (better pattern line) at $56,900.In the early hours on Monday, an effort to reclaim the secondary pattern line modified into rej...