Bitcoin ‘Bart Simpson’ Trading Pattern Returns With Volatility
- Bitcoin breached $10,000 this week, then swiftly dropped lower
- Largest token, peer coins seeing double-digit gains this year
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Bitcoin’s quick rise and subsequent fall this week had some investors scratching their heads.
The world’s largest digital token breached the $10,000 level this week but fell below it shortly after, forming a so-called “Bart Simpson” pattern. Named for its resemblance to the cartoon character’s hairstyle, the pattern traces an upward swing, some uneven -- or spiky -- sideways trading, followed by a swift drop.