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Why Bitcoin Crashed 20% This Week After Michael Saylor’s Surprise Sale; Double Bottom to Drive Buy?
On Saturday, Bitcoin failed to halt its selling pressure and dropped even below $60,000. It is hitting the intra-day low of $59,192 level, which was seen as the weakest performance since October 2024. At the time we are writing this article, Bitcoin is trading at the $60,886 level, showing 1.79 percent losses in the last 24 hours and a 20 percent crash so far this week. Bitcoin price is being pressured by several factors. One of them is Bitcoin ETF outflows, which have been continuing for the past 14 days and have shown an estimated $5 billion loss. In addition to this, strong US job data that was recently released ... (full story)
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