June 10: BTC price drop: what happened?

June 10: BTC price drop: what happened?
For those of you, who checked the Bitcoin price today, the picture was shocking.

Here"s how it looks at the time of writing on gdax.com:



Doesn"t look promising, isn"t it?

BTC price crashed first support zones at 7220$-7200$ and another one at 7150$ - 7095$. This opened "good old" (not really good though) supports at 6950$ and 6690$.

Later on, 6950$ support was smashed and even 6690$ was challenged by the peak 6665$

After that, the price bounced up and we"ve seen buying orders to prevail the selling ones.
What ...
Read more about "June 10: BTC price drop: what happened?" on coinatory.com

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