Kraken Exchange: Bitcoin price reaches all-time high then drops in stop-loss-run

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Basically, Bollinger believes that investors choose to exit at near $20,000, in order to avoid the costs of any sudden reversal of BTC value. When the price wavered up around that mark the top dropped down at the re

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sistance.

Individual traders should be cautious. And keep in mind that as the Bitcoin market soars some classic market strategy is in-play. This isn’t the last time that Bitcoin exchanges will experience a stop-loss-run or a top setup. 

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