Bitcoin - Back to where we started - BTC/USD catapults lower
|- Amid no real fundamental news Bitcoin has lost all of today's gains.
- BTC/USD is now trading 2% lower as volatility picked up today.
The pump and dump scenario is not going to go well with Bitcoin enthusiasts.
At least the market didn't take out the 7,080.00 support level.
The market fell USD 479,22 but the 7K level is holding out.
Longer-term the downtrend is still in tack but the continuation depends on the 6,526.00 level holds out, if that level breaks its really a bad situation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.