BTCUSD Bitcoin

Bitcoin is entering a phase of accumulation in the $7,400 region following a volatile 48 hours of price action. The world’s largest cryptocurrency surged by 8% yesterday before retracing the entire candle – although a 4.72% rally has since been seen to the upside. The accumulation phase has been signposted by the unpredictable ‘Bart’ pattern, which is a bizarre stage of price action caused by a momentum ignition algorithm. The algorithm is banned in the majority of traditional capital markets, as traders can use it to manipulate price action by attracting other high-frequency traders to buy or sell the underlying asset. It has historically been used throughout Bitcoin’s 10-year history, becoming more prevalent since the 2018 bear market. Within cryptocurrency,

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Bitcoin (COIN:BTCUSD)
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