RATE Group | Bitcoin’s Flash Crash was a “Healthy Pullback” That Could Catalyze Major Momentum
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Bitcoin’s Flash Crash was a “Healthy Pullback” That Could Catalyze Major Momentum

21 Feb Bitcoin’s Flash Crash was a “Healthy Pullback” That Could Catalyze Major Momentum

Posted at 18:56h in Bitcoin News by

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It now appears that Bitcoin (BTC) bulls have been able to gain the upper hand over bears in the time following the intense volatility that the asset incurred early this week during its sudden “flash crash” that caught investors off guard.

Because BTC is now slowly climbing back up towards the coveted five-figure price region, it does appear that it is shaping up to once again see a sharp upwards movement that leads it past the resistance it faces at $10,000.

In the near-term, analysts believe that the crypto’s defense of key support may be a bullish sign, leading one top trader to anticipate the ongoing BTC uptrend to continue strong in the near-term.

Bitcoin Inches Higher as it Nears Key Resistance at $10,000

Bitcoin bulls were taken aback early this week when the cryptocurrency plummeted from highs of $10,200 to lows of $9,200, before rapidly climbing back into the mid-$9,000 region.

This sharp selloff seemed to spell trouble for the cryptocurrency, and it even marked the fifth…

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