BTC has retraced 50 percent !

in #bitcoin7 years ago

BTC has retraced 50 percent of the rally from Feb. 25 lows below $9,300.

A break below $10,474 would expose the critical support of 61.8 percent Fib of $10,187

(4-hour chart, data via Bitstamp

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I'm more interested in whether the support around 10,300 is penetrated.

Dead cat bounce :) Blame the incorrect application of KYC by exchanges who have sold out to guberment terrorists. None of the early adopters are stupid enough to hand over ID that will be used by the exchanges to inform on you...