Bitcoin on easter: Little liquidity can mean disaster

Easter holidays can have a very negative impact on the price of the Bitcoin cryptocurrency. During the holidays Bitcoin trading on large exchanges stops. The huge bitcoin transactions from the exchange offices point out that some whales, which are otherwise very active, are also at ease before the holiday.

This little liquidity is making big shifts, which were heading south this year. Will it happen again?

Easter Holidays: Bitcoin trading on CME stops and price falls

Bitcoin transactions that took place before the holidays show that many whales want to have a rest on one of the greatest Christian holidays. Other sharks have a unique opportunity to take the whole market into their hands with just a few BTCs.

Well-known Twitter commentator DonAlt commented on the fall in price. He expects the cryptocurrency to fall even more. Maybe up to $ 6,250. That would mean another 10% drop.

DonAlt on Twitter wrote:

$BTC

If BTC closes below confluent resistance this weekend, these are the supports I'm looking at. pic.twitter.com/C67CelTPof

— DonAlt (@CryptoDonAlt) April 11, 2020

Neither other commentators with almost apocalyptic conclusions are waiting, Merchant and investor Credible Crypto thinks 6250 is a matter of days. After that, after opening the exchanges, it depends on whether it will hold.

If not, it closes its scenario at $ 5,300, where correction stops because of halving.