BitcoinWarrior

News and Education

Bitcoin Set For Worst Day In 16 Months After Major Reversal From All-Time High: Chart Shows 2 Bearish Signals

Tuesday witnessed a Bitcoin-style rollercoaster, with the cryptocurrency initially soaring to new all-time highs surpassing $69,000, only to tumble by 10% at 3:00 p.m. ET, on track for its steepest daily decline since November 2022. Among the swirling speculations surrounding this dramatic downturn—flash crash, market illiquidity, fat fingers, profit-taking behaviors, and more—no definitive explanation has emerged in the crypto community. Yet, it’s possible that the truth is far more straightforward than the speculation indicates. Bitcoin has been and will always be a high-risk investment, dra…