Published On: Tue, Sep 7th, 2021

Bitcoin price crash: ‘Horrible, horrible’ fall in crypto cost – 18% price dip explained | City & Business | Finance

Bitcoin, despite making an impressive value rebound over the last few weeks, has tripped once again. The latest charts from Coindesk show it has haemorrhaged more than $6,000 today alone. And traders have voiced their fears that it could show the start of a devastating trend.

Experienced trader Glen Goodman commented on the drop via Twitter, dubbing it “horrible horrible chart damage”.

He questioned whether the plummeting value was the “start of something much worse”.

He said: Bitcoin just bounced cleanly off the previous resistance line.

“Is this a retest of that line or the start of something much worse? I hope everyone has set stops..”

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