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Investor Sentiment Towards Bitcoin Takes A Dive Following Recent $2,000 Crash
Summary: Trading sentiment surrounding Bitcoin has taken a turn for the worse after its recent $2,000 crash. Several commentators have even begun comparing market behavior to Black Thursday pointing to a Japanese candle structure repeating from March. The last fall from the weekly candle brought a 54% drop, if the pattern continues now Bitcoin could be ...
Trading sentiment surrounding Bitcoin has taken a turn for the worse after its recent $2,000 crash.
Several commentators have even begun comparing market behavior to Black Thursday pointing to a Japanese candle structure repeating from March. The last fall from the weekly candle brought a 54% drop, if the pattern continues now Bitcoin could be at $4,700 within two weeks.
Popular crypto commentator DonAlt added to the conversation in a recent tweet emphasizing that both supports at $11,500 and $10,500 should have held. He lamented both being back in an old price range and closing below a previous breakout level. He went on to say that $10,500 now looks like a strong resistance which he expects to be sold into.
By Emily Mason
Tags: Bitcoin,Black Thursday,BTC,Investor Sentiment
Link: Investor Sentiment Towards Bitcoin Takes A Dive Following Recent $2,000 Crash [Copy]
