THE BULLS HAVE DEFENDED ,000 AGAIN: EXPLANATION - BTC/CRYPTOCURRENCY TRADING ANALYSIS



Bitcoin has plunged through 6,000 again and its looking weak

plunge Helen H. Richardson/The Denver Post via Getty Images

Bitcoin has collapsed through the ,000 USD for the second time this week, and is under pressure in morning trade.

The world's biggest cryptocurrency dipped overnight, before selling momentum increased shortly before 8 a.m. AEST this morning.

A short time ago, prices were still declining and had fallen below ,900 USD.

Markets Insider

Bitcoin is currently holding just above weekly lows, after prices bottomed out beneath $US5,800 on Sunday before some buyers stepped in.

The ,000 USD mark has been highlighted by traders as a key level of technical support. Some analysts have suggested that a sustained break below that figure could see prices fall towards ,000 USD.






Video: 5 Important Reasons Bitcoin Price Plunged | Feel Disseminated by the Bitcoin Crash?

Bitcoin has plunged through 6,000 again and its looking weak
Bitcoin has plunged through 6,000 again and its looking weak images

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Bitcoin has plunged through 6,000 again and its looking weak pics
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Date: 19.12.2018, 03:32 / Views: 94184