Bitcoin Price Goes Below 9000 Dollars – Details

Bitcoin Price Goes Below 9000 Dollars

Bitcoin’s price went below $9,000 today, November 8th after several days of downward action finally saw markets make a decisive move.

 

Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday.

In daily trading, Bitcoin hit local lows of $8,980 before bouncing higher, with markets currently trading at around $9,000.

Suspicions have mounted among analysts over price behavior in recent weeks and months.

The Bitcoin price moved to fill a gap in trading observed when one session ends higher or lower than where the next begins by suddenly crashing by hundreds of dollars before recovering minutes later.

Filling in futures gaps has become standard behavior for Bitcoin, with analysts using them to forecast potential market drops.

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