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Posted on by BitcoinInfo.com

Bitcoin (BTC) Price Nosedives: Is This The Start Of Major Correction?

Bitcoin (BTC) Price Nosedives: Is This The Start Of Major Correction? | NewsBTC

Bitcoin price spiked above the $8,950 and $9,000 levels, but failed to hold gains against the US Dollar. The price declined heavily and traded below the $8,720 and $8,440 support levels. There was a break below a crucial bullish trend line with support at $8,560 on the hourly chart of the BTC/USD pair (data feed from Kraken).








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