Is Bitcoin headed to new lows or can BTC pull off an inverse 'Bart Simpson'?
, concerns over the fate of Silvergate bank exacerbated existing market cold feet to spark a margin call cascade to $22,000.
At the time of writing, only a modest comeback had taken place, while opinions diverged as to how short-term price action would play out. "Locked in some profit here on my short at $23,200 and moved my stop loss into profit so it's risk free," a risk-off Crypto Tony"Notice those who were quick to say to long when we hadn't even reclaimed resistance."Fellow trading account Daan Crypto Trades suggested that Bitcoin could see a mirror-like recovery to produce the inverse version of the classic"Bart Simpson" chart structure.
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