Bitcoin price drops 6.5% in minutes after hitting $ 28.4K sell wall


Bitcoin (BTCOn December 27, it hit all-time highs of $ 28,400 before reaching thousands of dollars. This is the last chapter of the Christmas trade passion.

Cryptocurrency Market Overview Source: Coin360

BTC price dropped $ 1,900 in minutes

Data from Cointelegraph Markets, Mingun versus TradingView The BTC / USD lost a large amount of US dollars during Sunday trading after showing gains.

After a 15% 24-hour profit, Bitcoin hit a huge sell-off of over $ 28,000. Its very fast upward trajectory, the largest cryptocurrency, then fell to a low of $ 26,500.

At the time of the press, BTC / USD was volatile around $ 27,000, which made it difficult to control strong market direction.

BTC / USD 1 Minute Candlestick Chart (Bitstamp). Source: TradingView

Analyst: “The bull run begins”

As a Cointelegraph Reported Earlier that day, for the first time, Bitcoin set many records with its latest activities, including a $ 500 billion market.

And Monday should see the biggest gap in Bitcoin futures markets.

Since overcoming the $ 24,000 resistance, Bitcoin has become a parabolic market, trading in fantasy and trading in a pre-determined trading phase.

Organizational investors are resting, and the talks are fooling retail buyers into strengthening the final stages of the Bitcoin bull run.

An analyst at Countelegraph Markets said: “As more and more players are turning to Bitcoin and cryptocurrencies, the bull cycle begins. Michael van Pop Poppe In short Twitter followers:

Van de Poppe further explored the $ 19,500 potential resettlement zone. Altcoin benefits from the Bitcoin model as long as its own profit slows. Next month:

Binance order book heatmap. Source: Product Index

According to Binance order book data, another big hurdle for BTC milk is the $ 30,000 scary wall.

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