Bitcoin calls traders' bluff with fresh $40K fakeout as Fed decision day arrives
Another trap for shorts and longs alike sparks over $200 million in cross-crypto liquidations. Bitcoin (BTC) tested traders' neves yet again on March 16 as a fresh spike over $40,000 ended in minutes.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewShorts feel the burn after abrupt trip to $41,700Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp — before instantly reversing.Two hourly candles was all it took for the entire market to rise by $2,000, break significant resistance levels and come all the way back down....
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