Bitcoin dead cat bounce. Get the latest science news and technology news read tech reviews and more at abc news. When it gets close to or below 30 it is in an oversold condition. A dead cat bounce is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrenda dead cat bounce is a small short lived recovery in the.
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Bitcoin is not the only thing experiencing astronomical growth. The dead cat bounce is an event pattern with a large 1 day price decline of at least 15 but usually much higher followed by a bounce then decline. It is difficult to differentiate between dead cat bounce and forming a bottom but there are.
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