206: BITCOIN HALVING DUMP FROM $10K TO $8.1K: 3 REASONS WHY | BTC Can Stay Bullish After 15% Retracement

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - May 10, 2020 15:09 - 17 minutes - 8.24 MB - ★★★★ - 537 ratings
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Previous Episode: 205: Bitcoin Facing One of the Best Setups in History With $1,000,000 Target | BTC Halving 2020 News

Next Episode: 207: MARKET STUDY: There’s a 77% Chance Bitcoin Trades At $10,000 This Week | BTC Halving 2020 TODAY!

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Bitcoin (BTC) price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour. It liquidated $200 million worth of longs, obliterating the futures market.

The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, whales moving to short the market on BitMEX, and extreme volatility heading into the halving.