How Many Days Before Bitcoin Hits Margin Call Price of $21,000?
Margin Call
Saylor Tries to Defuse Fears
Pledge More Assets
Amazing Arrogance
Bitcoin Weekly Chart
Technically speaking, Bitcoin is on the tip of a major precipice. The next support level is somewhere in the $17,500 to $19,000 level.
That does not guarantee or imply Bitcoin will fall that low, but, this is a bear market and support levels tend to break.
Moreover, the fact that everyone knows where the pain level is, tends a bit to be self-fulfilling.
Thinking This Through
Saylor says he will simply pledge more assets. Well that will do nothing but set an even lower pain level.
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How Many Days Before a Margin Call?
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This post originated at MishTalk.Com.
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