Bitcoin’s ‘Buy-the-Dip’ Narrative Faces Tough Questions as Another 25% Risk Builds
Bitcoin’s current rebound has revived the buy-the-dip narrative, however the knowledge tells a extra sophisticated story. After falling almost 15% and briefly touching the $60,000 zone, the Bitcoin value bounced greater than 11%, drawing merchants again into lengthy positions. At first look, the bounce appears encouraging. However, bearish chart patterns, rising leverage, and fragile spot…
