Bitcoin Plunges $450 in Minutes, Loses $10,000 Support… Again

2019-9-19 06:13

Ouch. The Bitcoin (BTC) price has dumped by over $450 in the past few minutes, with bears finally managing to take the wheel of the cryptocurrency market after over two weeks of lull. It isn’t clear what triggered this move, but with this flash crash, the leading cryptocurrency has decidedly shed the $10,000 support.

With. . .

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01