Bitcoin broke below the $7000 and $6400 resistance and support level it had breached only some days ago. The corrective move doesn’t come much to the surprise of the traders. However, the percentage of the drop was massive around 20%; it exposed Bitcoin’s high volatility once again.
BTC/USD 4-Hour Chart on Bitstamp (TradingView)
The correction from the high was around $2,210 on Bitstamp Exchange down to $6178. Coinbase which doesn’t offer margin and futures trading recorded a low of $6600. The price of Bitcoin at hour UTC on 17th May 2019 is.
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