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

Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happens when an asset price makes … Read more

Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values

The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of … Read more