Easy come, easy go as Bitcoin falls to $10,500

Author: Adam Button | Category: Cryptocurrency

Bitcoin takes a dive

After nearly reaching $14,000 at this time yesterday in an epic short squeeze, Bitcoin has fallen hard today. Another wave of heavy selling saw it fall nearly $1000 in the past hour and touching a low of $10,515.

I'm not even going to attempt to explain any kind of fundamental underpinnings for the latest moves.

Technically though, the top came just after the 61.8% retracement of the all-time high to the December low.
Bitcoin takes a dive

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