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

Cointelegraph.com NewsKey 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… 

​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… 

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