Bitcoin Price Record Low, Tumbles in Sell-Off
Bitcoin Price has dropped to a new decline low in a fierce sell-off across exchanges. During the overlap of the late US and early Asian trading session price began falling from levels in the high $260s (1,670 CNY) to the low $250s (1,508 CNY) within an hour. At the time of writing the average USD price is $230 and BTC-China is at 1,420 CNY. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 12h00 UTC. BitFinex 4-Hourly Chart. By 12h00 UTC, the BitFinex chart had made its way to the bottom the Fib channel and....
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After a day of intensifying sell pressure, Bitcoin price dropped below $29,000 for the first time since January 5. On Jan. 21 the cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000 mark for the first time since Jan. 4. BTC/USDT 4-hour chart. Source: TradingViewNow that Bitcoin has lost the $32,000 and $30,000 support, a growing number of analysts are suggesting that the price could retest the $24,000 support. One theory behind the dip suggests that institutional investors viewed Bitcoin as a crowded....