A Bounce is not just a bounce

BTC took a big dip less than a day ago. Unlike other recent dips, it didn’t stay there for long…

The recent BTC dip was significant in size: A drop from around $3894 to $3742 (a $152 difference – BitMex prices) within an hour is a relatively major drop. On any other day, a 3.9% drop in BTC price would be a considered a bad day. This day was different.

Whereas the norm for BTC is to stay at the new level after a sudden price drop or rise, BTC started recovering instantly: regaining and then passing the starting level (of the

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.