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Bitcoin slides into the 4pm London FX fix
The 4pm London FX fix has been and gone now, but if you look at a chart of the price action on Bitcoin you will see it got slammed into that event. This is not the first time that such a move (in either direction) has played out and on many occasions readers here have been reminded of the prevalence. Well, as you can see, today was a classic example of how an order on BTC can some from the blind side for the 4pm London fix. Prior to that BTC was trying to push higher above 98k. The slide into the 4pm fix saw it crumble to below 95,500 and it may not be finished with yet. Is it coincidental that this fall has come alongside fresh dollar strength? Probably not. BTC is currently trading at 95,460
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