Bitcoin (BTC) Quickly Falls Through Support Levels

© Reuters. Bitcoin (BTC) Quickly Falls Through Support Levels

Bitcoin (BTC) turned sharply down in the new week. The asset slid below $8,150, breaking under a level seen as a potential support. BTC crashed to $8,135.89 as of 11:37 UTC on Monday, extending the slide from the past few hours.

Because of pricing anomalies, some exchanges see the asset sliding even under $8,100, with the potential to break down below the $8,000 mark.

BitMex prices signal significant sell-offs, with volumes doubling overnight. The futures on this exchange bet on a price slide, setting BTC at $8,075.


This article appeared first on Cryptovest

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The post Bitcoin (BTC) Quickly Falls Through Support Levels appeared first on Bit News Live.

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