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The biggest 1-hour candlestick for Bitcoin (BTC) since Black Thursday: Bitcoin fell about $ 1,500 in less than 15 min today, May 10, 2020. The price of BTC rose slightly after this big fall, the day should end with a loss of 10%. Bears are dancing again on the market and on Twitter; the bulls are getting very small at the moment. The dream of a 5-digit Bitcoin at the dawn of halving, finally it was too good – or too early !
Fall and explosion
Bitcoin is trading at $ 8,624 at the time of writing. Josh Rager tweeted today to remind that support at the 9,100 USD level which then ensured Bitcoin bullish, had given in.
$ 7,000 is possible if Bitcoin ended the day below $ 8,400.