The digital dust appears to be settling following bitcoin’s $1,500 dollar dump a few hours ago. A cascade of sell signals were triggered as soon as the asset fell through support at $9,500. This created a massive red hourly candle dumping $900 in just 60 minutes. The panic continued as BTC fell further touching long term support at $8,000 before a wall of buy orders were executed pushing it back up $500.
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