A Weekend Bet w Biti
Ticker Biti will benefit from decreases in the price of bitcoin futures contracts for a single day.
Bitcoin had broken below it's 200 day moving average Sunday August 4th. and over the next week has rebounded back to it's 200 day average @ 61,879 as of Friday August 9th.
Why would it get rejected at the 200 again and move down?
-JP Morgan has published, that there could be 30% more to flush out of the system as a result of a strengthening yen.
Bitcoin had broken below it's 200 day moving average Sunday August 4th. and over the next week has rebounded back to it's 200 day average @ 61,879 as of Friday August 9th.
Why would it get rejected at the 200 again and move down?
-JP Morgan has published, that there could be 30% more to flush out of the system as a result of a strengthening yen.
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