Billy Markus asked market to become bullish again and had some degree of success
Bitcoin is still moving in the range, which seems unbreakable for the first cryptocurrency that has already tested the upper and lower boundary of the range three times, which is why Dogecoin creator Billy Markus demand the market turns bullish again. He was and succeeded – almost.
Be bullish for no reason again
In his tweet, the creator of the first memecurrency asked the community if it can become bullish for no reason once again. In subsequent hours, Bitcoin faced a massive spike and reached $41,500 with no signs to do so previously.
It is almost certain that the creator of the same coin has nothing to do with the price performance of the first cryptocurrency, but the coincidence amused Markus followers since the short-term pump happened almost immediately after publication.
Not so magical
Markus himself reacted to his own tweet and the request later on, but unfortunately for him and millions of other cryptocurrency investors, Bitcoin failed to remain above the $40,000 threshold and retraced once again.
According to various market-tracking services like CoinGlass, in the past 12 hours, over $140 million worth of orders have been liquidated from the market due to both the rapid recovery and the rapid fall of the leading cryptocurrency. .
As the trading history of TradingView suggests, the spike to $41,500 lasted less than an hour as the first cryptocurrency retraced to $39,500 during the next one-hour candle, which put Bitcoin back to the bottom of the abovementioned rangebound.
At press time, Bitcoin is trading at $36,614 and managing to recoup some of the recent loss. Unfortunately, digital gold still moves with relatively low volume.
