Bitcoin (BTC) surpasses $12,000 (as a “clear fake-out to take liquidity”?)

By PhoenixDev | CryptoWorld - CW | 18 Aug 2020


This Monday, August 17, Bitcoin surpassed $12,400, as can be shown in the following graph.

84dc143d7d41f1266a8e535ebbeff51bfaf9977a9e8d26844d913dcad956de71.png

This rise in Bitcoin caused close to $ 24,000,000 to be liquidated on the BitMEX platform alone.

Cause

According to Crypto Michaël posted in a tweet, this move could respond to “clear fake-out to take liquidity”.

7b69b11a08958afe12dff6e446de439854f69b869bc0a1aeb36cf1938130cfd2.png


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PhoenixDev
PhoenixDev

Interested on Blockchain and Cryptocurrencies.


CryptoWorld - CW
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