Here’s Why the Aftermath of Bitcoin’s Insane Plunge Isn’t as…

News BTC | Feb 20, 2020 at 1:00 AM
  • This afternoon, investors bore witness to an insane Bitcoin (BTC) flash crash that sent the cryptocurrency reeling from the lower-$10,000 region to lows of $9,200.
  • Analysts are now noting that the crypto’s recovery from this flash crash seems to suggest that it will soon continue climbing higher.
  • It is imperative to keep in mind that although today’s drop is overtly bearish, BTC is still well above where it was trading at on Monday when it plummeted to $9,400, and buyer’s ability to defend the lower-$9,000 region points to some underlying strength.