Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 26/10/2019, 06:51:29 UTC
The earnings are substantial.

Quote
The previous two times Bitcoin saw a >40% daily gain, it was trading at $0.40 and $5.65.

Today, Bitcoin’s 42% swing is the 3rd largest daily gain in price history.

Data via @coinmetrics


Source: https://twitter.com/yassineARK/status/1187916570766561280

Hodl!

I actually don't like this chart since it shows that pretty much every time when there was an outsize move up, it was followed by almost the same %% move down, especially in the first half of the chart. Hopefully, we will be able to escape this here, I hope, or it would be brutal.