Bitcoin looking for $30,000

[Soniko]

To say that the Bitcoin price action on Wednesday has been crazy would be somewhat of an understatement. For those who missed the memo, BTC found itself up 20% at some point yesterday, carving out a foothold for itself in and around the $13,800 price point, a key long-term resistance.

Then, within the span of some fifteen minutes, Bitcoin collapsed by 14%, depending on what exchange you refer to, then rallied by 7% within another 15-minute time span. As CNBC’s “Fast Money” recently quipped, “this is what volatility trades like.”