Bitcoin Gets Badly Crashed and Dribbled to $7700
The dramatic fall in Bitcoin has taken the price to $7,700. The same has forced 30-days low to reset the counter and fix a new at the same. The currency was recently spotted at $9,000, and it was anticipated that in the upcoming period, BTC would be seen hovering around $10,000.
Well, it looks like the recent crash has ruined all the hopes and anticipations. The recent plunge seems heart-breaking, but we are positive that the hope of recovery is still alive. In the upcoming days, Bitcoin would mark an astounding improvement. The traders are recommended to hold their investment for a while to avoid the risk.
BTC/USD Price Chart:
Yesterday, Bitcoin price was at $8,906, and within the first 30 mins, the price dribbled to $8,788 by 1.30%. Then, it hovered at the same level until the middle of the day. Thereafter, the price of the coin was spotted dribbling. The price counters moved from $8,778 to $8,259. The tremendous fall was marked to be of 5.92% in just 4 hours. In the next hour, the BTC price improved to $8,404 but then dropped again, and this time it touched $8,072. The intraday movement in the coin was brought 9.45% regression.
Today, Bitcoin started with a sluggish movement around $8,000. At 03:30 UTC, the coin price dropped to $7,756, which reset the 30-days low and fixed at the same level. Later, the BTC price immediately improved to $8,000. The coin hovered at the same level till 10:05 UTC but slipped to $7,830. There was a price spike at $7,948, but the coin again fell to $7,800. The coin is likely to breach the immediate support level at $7,837 at any moment.