On March 18, 2024 a flash crash occurred in the offshore BitMEX (Seychelles) exchange driving the price of Bitcoin as low as $8900.
This significant decline was initially expected to occur in 2022 based on the Engrbytrade™ Bitcoin Model. It appears someone, or an organization, expected a decline similar to the 1982 – 1985 Euro decline and needed to fill, or cover a trade. Volatility in Bitcoin is expected to pick up, just as the Euro did between 1988 and 1992.
Chart courtesy of StockCharts.com.
