A “Flash Crash” Scenario Looms Over Bitcoin; Here’s Why
Bitcoin may undergo a significant price correction before the US presidential election due to its proximity to gold, hints Clem Chambers. The CEO of ADVFN – Europe’s leading stocks and shares website, told Kitco News that most assets that have shown a positive correlation during the 2020 bull run tend to fall in tandem. He spoke about gold and how a “flash crash” in its markets could leave other assets in a similar bearish spell. […]
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The “flash crash” of last week has come to a screeching halt. But not all the way it seems. If we look at the chart of Bitcoin from the last week, you can see price has fallen down to the upper $370 range to lower $380 range. From there we have had upward trends that have tried to break the $400 barrier, but none have been successful for too long. Besides that, Bitcoins market has been moving sideways with a slight decline, a recurring pattern over the last several months. When it comes to supposedly explaining why this occurs, no major theories have surfaced. There is always the ever....
Many people predict death and damnation for baby Bitcoin. Multiple sources covered the recent “flash crash” of Bitcoin, and in typical form, these sources are seeing only the bad. The nihilists and anti-BTC factions are also out in droves spreading their doomsday omens. It is like Nostradamus has risen from the grave and gained foreboding knowledge of....
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