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