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Bitcoin Flash Crashes: If Bulls Fail, BTC May Plunge To $40,000

Bitcoinist LogoBitcoinist14h ago

Bitcoin Flash Crashes: If Bulls Fail, BTC May Plunge To $40,000 - Bitcoinist

Quick Summary:

Even though the coin has briefly retraced, peeling off some losses, the downtrend remains, at least from the candlestick formation in the daily chart.

Earlier today, the coin crashed to as low as $49,000, a 30% dip from July highs.

From the daily chart, bears have reversed all gains posted from July 8 to 21, pushing prices below the July 2024 lows.

More Pictures

Bitcoin Flash Crashes: If Bulls Fail, BTC May Plunge To $40,000 - Bitcoinist (Picture 1)Bitcoin Flash Crashes: If Bulls Fail, BTC May Plunge To $40,000 - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 05:30:55 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21953996

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin Flash Crashes: If Bulls Fail, BTC May Plunge To $40,000" was covered 14 hours ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 15 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-flash-crashes-if-bulls-17229363325952

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