Bitcoin 2024 conference sparked 30% price crash — Can bulls escape this year?

Date: 2025-05-27

Key points:Bitcoin rebounds from another support retest, but fears over a Nashville conference-induced comedown are growing.The biggest Bitcoin gathering tends to accompany BTC price weakness.BTC price action can and will continue to experience drawdowns of 10-20%, analysis stresses.Bitcoin (BTC) circled $110,000 at the May 27 Wall Street open amid concerns over a 30% BTC price crash.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin “market memory” may recall 2024 crashData from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after its latest support retest around $107,000.As large-volume traders took advantage of the volatility, market commentators turned to potential risk factors, these coming from multipl...

Read Full Article Back to News