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Breaking: BTC/USD erases $200 within 15 minutes almost dropping below $9,000

Breaking: BTC/USD erases $200 within 15 minutes almost dropping below $9,000
Lorenzo StroeLorenzo StroeIndependent Analyst

BTC/USD suddenly dropped from $9,230 to $9,033 in a matter of minutes. The explosive sell-off almost took Bitcoin below $9,000 twice, although bulls are holding on for now.

BTC/USD 5-minute chart

BTCUSD

An unexpected drop has taken Bitcoin towards $9,033 breaking through several support levels on the 5-minute chart. It's unclear what caused the dip, but the bulls are not seeing an immediate bounce which could indicate another leg down is closeby. 

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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