Bitcoin crashes to $62,000 as billions of longs get liquidated
Bitcoin (BTC) staged a sharp recovery Wednesday, climbing back to the $64,000 level after an early Asian session sell-off that briefly pushed the cryptocurrency below its 200-week simple moving average at $61,845. The move fits the profile of a classic oversold bounce. On the daily chart, the Relative Strength Index (RSI) dropped below 30 on…