Bitcoin (BTC) Super Crash: Is Armageddon Already Over?

￰0￱ Donald Trump issued a 100% extra trade tariff on China on Friday in retaliation for China saying it would heighten controls on rare earth ￰1￱ move sparked the sharpest fall in the last ten years for Bitcoin as $BTC fell more than $15,000 in just a few ￰2￱ said, has the situation now been resolved, and is the crash already over? Carnage and mayhem already changing to optimism Last Friday, which was particularly deserving of being called “black Friday”, at least in crypto circles, more than $19 billion was liquidated in the space of just a few ￰3￱ wasn’t just the worst wipeout in crypto history, it was the worst by a magnitude of about ten times any previous liquidation ￰4￱ traders who had already watched the first spectacular fall and who had then entered positions in anticipation of a bounce, were then wiped out in their turn as the price just kept on ￰5￱ such mayhem and carnage, here we are on Monday, and the Bitcoin price is in full recovery ￰6￱ falling to just below $105,000, the $BTC price is now trading at around $115,400 - a $10,000 revival, with potentially a full recovery taking place by the end of this ￰7￱ Trump has walked back on his threats by posting on his Truth Social account on Sunday that “it will all be fine!”.

The ￰8￱ market appears to believe this assurance as the S&P 500 and Nasdaq futures markets are now ￰9￱ tanks but recovery now in full swing), which is generally recognised as the bull market support, and has continued up to recently regain the 50-day SMA (blue line). At the bottom of the chart, the Stochastic RSI indicators on this time frame were the last to get down into oversold territory and reset, and the huge price dip certainly speeded up this ￰10￱ the blue fast line now posturing to cross up above the red slow line, this could be a signal that upside price momentum could shortly be on the way. $BTC price in ascending wedge