{"id":425944,"date":"2020-06-02T15:05:46","date_gmt":"2020-06-02T15:05:46","guid":{"rendered":"https:\/\/wncen.com\/?p=425944"},"modified":"2020-06-02T15:08:56","modified_gmt":"2020-06-02T15:08:56","slug":"bitcoin-price-flash-crashes-600","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-flash-crashes-600\/","title":{"rendered":"Bitcoin Price Flash Crashes $600 In Less Than 5 Minutes, Last Night’s Rally Erased"},"content":{"rendered":"
In a shocking move, Bitcoin price<\/a> just plummeted by over $600 in less than five minutes of price action. The surprise move has now erased the entire rally last night that took Bitcoin above the key level of $10,000, which it has yet again failed to hold.<\/p>\n Bitcoin price<\/a> just fell over $600 in mere minutes, liquidating overleveraged long traders and quickly putting a stop to any hopes of a breakout in the cryptocurrency.<\/p>\n Talk about a clear technical breakout in the leading crypto asset spread across crypto Twitter like wildfire after last night’s daily close.<\/p>\n Related Reading | Bitcoin Is Overpriced According Energy Value For First Time Since September 2019<\/a><\/strong><\/em><\/p>\n But the upward break of a symmetrical triangle on the BTCUSD trading pair has now been rejected back below critical resistance at $10,000.<\/p>\n The chart below depicts just how violent the crash was, sending Bitcoin price<\/a> dropping by over 5% in a matter of a 5-minute long red candle.<\/p>\n <\/p>\n The move erased last night’s entire rally just prior to the daily close. A weekly sell signal on many crypto assets<\/a> including Bitcoin may have spotted this drop ahead of happening, or $10,000 once again has proven to be too strong.<\/p>\n Whatever the reason for the selloff, it has caused the return of the “Bart” formations, in reference to the shape of Bart Simpon’s head matching the price pattern.<\/p>\nBitcoin Price Fails To Hold $10,000 Yet Again<\/h2>\n
“I’m Bart Simpson, Who The Hell Are You?”<\/h2>\n