{"id":394594,"date":"2019-08-29T10:00:43","date_gmt":"2019-08-29T10:00:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=394594"},"modified":"2019-08-29T08:45:46","modified_gmt":"2019-08-29T08:45:46","slug":"bitcoin-plunges-1000-in-a-few-hours-as-crypto-markets-quake","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-plunges-1000-in-a-few-hours-as-crypto-markets-quake\/","title":{"rendered":"Bitcoin Plunges $1,000 in a Few Hours as Crypto Markets Quake"},"content":{"rendered":"
Following days of consolidation Bitcoin has reached the end of its pennant formation. The big move that many analysts had expected came a few hours ago, and it was followed by a second slide resulting in a drop towards critical support levels.<\/p>\n
For most of this week, analysts have been largely undecided<\/a> on the next direction Bitcoin would take. Those that lent towards bearish would have been right as another huge red candle has sent the digital asset tumbling back into four figures.<\/p>\n Optimism was quickly quashed following a brief climb to $10,250 during late trading yesterday. BTC did not stay there long and the resultant candle wiped out $700 in under an hour. The breakout from the wedge had occurred and it went heavily south.<\/p>\n The next couple of hours saw BTC plunge to and hold around the $9,675 level. The pain was not over however and a second slide sent the king of crypto crashing down to $9,325 according to Tradingview charts<\/a>.<\/p>\n