Bitcoin fell below $9,000 for the first time in almost a week on Oct. 31 as rumors of a correction intensified among analysts.
BTC short-term outlook could call for $8.2K. Data from Coin360 showed BTC/USD dipping below the $9,000 mark in Thursday trading - a level that has acted as support since last weekend.
24-hour losses currently total 2%, while compared to a week ago, Bitcoin is still up more than 20%.Bitcoin seven-day price chart.
Now, traders were eyeing the coming days potentially delivering lower prices in a consolidatory period to even out the recent volatility.
"Something like this," regular Cointelegraph contributor filbfilb told subscribers of his Telegram trading channel on Thursday, forecasting a dip to just below $8,200.
The influential 200-day moving average price was still in play.
As Cointelegraph reported, Thursday marked the eleventh anniversary of the publication of the Bitcoin whitepaper.
Out of the top twenty tokens by market cap, most fell by around 3%. Ether, the largest altcoin, shaved 2.5% off its price to fall below $180.Ether seven-day price chart.
Faring worst was Bitcoin SV, which lost 6% after previously making above-average gains.
The overall cryptocurrency market cap was $241 billion at press time, with Bitcoin's share at 67.5%.Keep track of top crypto markets in real time here.
Bitcoin Price Dips Below $9K Support as Traders Weigh Correction Odds
gepubliceerd op Oct 31, 2019
by Cointele | gepubliceerd op Coinage
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