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Bitcoin falls to a 1-month low after a 6% dive drops BTC price to $56.6K
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Bitcoin (BTC) fell through key support levels on Nov. 18 in a fresh test of bulls' resolve.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abandoning the $58,400 support after multiple retests in previous days and at the time of writing, Bitcoin is trading at $57,800.
Despite high volatility and challenging the $60,000 mark, within the past hour the price fell as low as $57,200 — its lowest since Oct. 15.
"Strong market-wide selling is going on," trader and analyst Rekt Capital wrote in his latest Twitter update.
Exhausted sellers characterized the atmosphere in mid September, just after the day when Bitcoin shed $10,000 in a single daily candle.
Similar to then, Nov. 18's move caused a conspicuous reversal in Bitcoin's
Read more on cointelegraph.comAbout this in other media
Bitcoin falls by 20% as $1 billion of crypto sold off. What caused the plunge this time? euronews.com /3 years ago
Bitcoin tests traders' nerves as analyst reissues $400K BTC price forecast cointelegraph.com /3 years ago
Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K cointelegraph.com /3 years ago
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