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.