Newsflash: Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why

2019-6-4 09:05

By CCN: In the past several hours, the bitcoin price has dropped from around $8,500 to $7,732, by nearly 14% against the U. S. dollar. A pullback for bitcoin was generally anticipated by technical analysts following its 130 percent year-to-date gain.

Traders were taken aback by the magnitude of the drop of the dominant crypto asset in a short time frame and if the asset does not demonstrate a speedy recovery, several technical analysts forsee bitcoin testing support levels in the $7,100 to $7,300 range. Why bitcoin price fell and what it would need to rebound Some investors have speculated that

The post Newsflash: Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why appeared first on CCN

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Bitcoin (BTC) на Currencies.ru

$ 72204.93 (+0.71%)
Объем 24H $65.654b
Изменеия 24h: 8.18 %, 7d: 7.95 %
Cегодня L: $67517.93 - H: $72204.93
Капитализация $1444.743b Rank 1
Цена в час новости $ 7715.66 (835.82%)

bitcoin price asset technical analysts newsflash several

Источник: ccn.com

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