Bitcoin’s Flash Crash was a “Healthy Pullback” That…

News BTC | Feb 21, 2020 at 6:00 PM
  • It now appears that Bitcoin (BTC) bulls have been able to gain the upper hand over bears in the time following the intense volatility that the asset incurred early this week during its sudden “flash crash” that caught investors off guard.
  • Because BTC is now slowly climbing back up towards the coveted five-figure price region, it does appear that it is shaping up to once again see a sharp upwards movement that leads it past the resistance it faces at $10,000.
  • Following this week’s flash crash, many analysts had noted that it fundamentally altered Bitcoin’s bullish market structure, potentially signaling that it wouldn’t be able to continue climbing back up towards its all-time highs.