📉 BITCOIN price dives 🔽

BITCOIN slumped today after an almost 3-month long rally that saw cryptocurrency price double. The coin plunged towards the $17,000 mark, making the biggest decline since September. Is this the end of the rally or just a healthy correction following recent steep gains? BITCOIN managed to recover from daily lows but still trades below $18,000. Other cryptocurrencies dropped as well with DASH and RIPPLE trading over 10% lower on the day.

BITCOIN price has declined the most since September. However, the coin managed to halt decline at 23.6% retracement of a recent 3-month rally. Source: xStation5

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