Bitcoin 2024 Conference Sparked 30% Price Crash — Can Bulls Escape This Year?

A Year After Sparking a 30% Crash, the US Bitcoin Conference Begins Again

Bitcoin fell below $110,000 amid the Bitcoin 2025 conference that started in Las Vegas on May 27. Traders fear a repeat of last year's scenario, when a similar event triggered a 30% collapse in prices. The specter of last year's crash In July, the Bitcoin 2024 conference in Nashville was the catalyst for a sharp drop in early August. Back then, Bitcoin collapsed by 30%, from $70,000 to $49,000 in just a few days. Trading firm QCP Capital, in its…

Bitcoin 2024 conference sparked 30% price crash — Can bulls escape this year? - WorldNL Magazine

Key points:Bitcoin rebounds from another support retest, but fears over a Nashville conference-induced comedown are growing.The biggest Bitcoin gathering tends to accompany BTC price weakness.BTC price action can and will continue to experience drawdowns of 10-20%, analysis stresses.Bitcoin (BTC) circled $110,000 at the May 27 Wall Street open amid concerns over a 30% BTC price crash.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin…

Bitcoin 2024 conference sparked 30% price crash — Can bulls escape this year?

Key points:Bitcoin rebounds from another support retest, but fears over a Nashville conference-induced comedown are growing.The biggest Bitcoin gathering tends to accompany BTC price weakness.BTC price action can and will continue to experience drawdowns of 10%-20%, analysis stresses.Bitcoin (BTC) circled $110,000 at the May 27 Wall Street open amid concerns over a 30% BTC price crash.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoi…