Following a week of consolidation in an ever tightening channel Bitcoin finally made its move today. Many had been predicting it would be to the downside and they were correct as the king of crypto slumped 5% in an hour plunging back into the mid-$9,000 zone.
Monster Red Bitcoin Candle
Just an hour or so ago one huge red candle plunged Bitcoin prices through support at $10,100 and back into four figures. The move culminated in a bottoming at a previous support level at $9,600 but things bounced off this price quickly.
