Top News

BTC Crash, Fraud and Anti-Hodling: Bad Crypto News of the Week

imageCryptocurrency News5 hours ago (Feb 22, 2020 01:43PM ET)

The Bitcoin community collectively facepalmed after BTC fell back below $10,000. It was the result of an $800 crash that took place over the course of one hour, the fifth-largest one-hour drop ever recorded. But some analysts are calling for an unprecedented rally ahead of the pending halving. This is largely due to the appearance of a “golden cross,” when the 50-day moving average crosses the 200-day moving average. In today’s market terms, that calls for a BTC price of $26,000 before the next halving.

Binance co-founder CZ is also optimistic about price gains within the same timeframe. He said previous halvings have seen rises and the next halving doesn’t appear to be priced in yet — perhaps Bitcoin bulls still have more to look forward to.

Continue Reading on Coin Telegraph

BTC Crash, Fraud and Anti-Hodling: Bad Crypto News of the Week

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Back to top button
Close
Close