Bitcoin Price Collapses almost 20% at the start 2021 :: The Market Oracle ::
After an incredible upside price rally that took place throughout the end of 2020, the recent 20% decline in Bitcoin prices, seemingly overnight on January 4th, may have come as a shock to many Bitcoin traders. The deep low price was reached in early trading overnight on very heavy volume – reaching levels near $27,734. Compared to the high price level reached just 27 hours earlier, near $34,800, this strong price decline represents a 20% sell off (over -$7040). Bitcoin Daily Chart If this is the start of a broader downtrend for Bitcoin, we’ll have to watch the MAGENTA t...
Source: marketoracle.co.uk