Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it`s currently trading. The dump started suddenly as Bitcoin`s price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an unsuccessful attempt to retake the $9,600 support level, and it was all downhill from there. Interestingly enough, the dump took place almost immediately after 50...
|
