Bitcoin fell sharply in a short time.
Behind the scenes of Bitcoin’s decline, Mt. Gox and the US government. However, the allegations were denied and Bitcoin found itself in the $27,000 band.
What Was the Reason for Bitcoin’s Fall?
Bitcoin’s price momentarily dropped about 7 percent. Behind this decline, Mt. Gox wallets were said to be for sale. After this development, this news was denied and Bitcoin has been trying to recapture the levels it has lost since then.
Arkham, who caused this situation, explained that the alarm was working by mistake. The company did not make any statement about the accidental operation of the alarm.
The dramatic drop on Bitcoin’s 4-hour chart is striking. Bitcoin lost 30 thousand dollars with this decrease. BTC, which fell to 27,700, is trying to gather strength again. In Bitcoin, the next target will be to earn 30 thousand dollars again. In a possible bearish scenario, around 27,200 appears as a strong support.
As of the time of writing, Bitcoin is trading at $ 28,300.
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