Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger

Bitcoin.com | Jun 3, 2020 at 4:45 PM
  • Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake.
  • By definition prices are high at the upper band and low at the lower band.
  • Bitcoin rallied past $10,400 on June 1 in a brief breakout, possibly spurred by runaway coronavirus spending by governments throughout the world.