Bitcoin has once again fallen beneath $8,000 amid a sharp sell-off that saw prices drop to as low as $7,778 according to Coindesk data.
At 23:00 UTC late Monday evening, the world’s largest cryptocurrency by market cap began to fall sharply, enduring over a $700 loss in value on the back of strong volume. For several days now BTC has failed to rise above and firmly closeout $8,800 leading to a retest of prior supports as it struggled to pick up a bid.
Down 8.17 percent, bitcoin is struggling find a footing just beneath the $8,000 psychological price tag as the intensity in the pullback continues on high volatility.
Further Read:
https://www.coindesk.com/bitcoin-below-8000-price-sheds-700-in-two-hoursThe predicted dip is now happening with bitcoin. Whether the pullback will stop at this level right now or will it continue...that we will see in the coming days. I am taking this as an opportunity to sell some of my alts to get converted to bitcoin. People who are just waiting on the sideline should take an action now.
