Post
Topic
Board Speculation
Re: Bitcoin back to $7000 today?
by
STT
on 23/08/2018, 23:51:27 UTC
I've seen some rumors that the current price jump of Bitcoin was connected with a poor situation with Bitmex. It was down for some reason today.

I read that Bitmex regularly does go offline for maintenance and somebody forced a jump in the market while using that gap in trading to take advantage of shorts that might be caught out.    There is a large amount of open shorts and this area seems to be highly contested by both sides which means its liable to what people fear is a breakout of the pattern, its hard to tell when exactly that might occur though