‘Bart Simpson Pattern’ Sees Bitcoin Spike, Drop Time and Again
- Wednesday’s price spike may have been caused by Tether dump
- Largest coin surges 6% before paring gains on Wednesday
Photographer: Akos Stiller/Bloomberg
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Bitcoin dropped then spiked and dropped again in Wednesday morning trading. The pattern looked familiar to fans of America’s favorite lemon-toned television family.
“We joked about it -- it was the Bart Simpson pattern where it jumps up like this and spikes around a little bit like Bart Simpson’s head,” said Justin Litchfield, chief technology officer at ProChain Capital, referring to the fictional son of Homer and Marge Simpson in one of the longest-running sitcoms on television, Fox’s “The Simpsons.” “It’s been doing that a lot lately with these really sharp spikes.”