Bitcoin has dropped below $68,000, marking the third time it's hit this level since February this year.
The previous two instances were on February 10, February 17, and March 23, with each dip being less than 2%. This time, the 24-hour decline has widened to 4.98%, the biggest fluctuation in recent times.
The key point is that this drop follows the May 16 dip below $78,000 (a decrease of 3.13%), creating a consecutive downtrend channel from 78k to 68k.
Compared to last July and August, when it was ranging around $118,000 with volatility under 1%, the market is now clearly experiencing heightened fluctuations and increasing downward pressure.📉 #BTC
The previous two instances were on February 10, February 17, and March 23, with each dip being less than 2%. This time, the 24-hour decline has widened to 4.98%, the biggest fluctuation in recent times.
The key point is that this drop follows the May 16 dip below $78,000 (a decrease of 3.13%), creating a consecutive downtrend channel from 78k to 68k.
Compared to last July and August, when it was ranging around $118,000 with volatility under 1%, the market is now clearly experiencing heightened fluctuations and increasing downward pressure.📉 #BTC