The leading cryptocurrency Bitcoin fell below the $ 19,000 level again.
The biggest cryptocurrency Bitcoin is trading below the $19,000 level, according to Bitstamp data.
This was the lowest level the asset has seen since July 13.
This volatility came after the leading crypto asset was stuck in the tightest trading range in the past two years. The asset only experienced volatility of 5.4% last week. During such anemic trading periods, extreme volatility is often seen.
Bitcoin has fallen by about 72% from its record level.
Eyes Turned To The $17,600 Level
Scott Redler of T3 Trading Group suggested that if Bitcoin drops below the $17,600 support level, it could slide as low as $10,000.
Bitcoin fell to the level of $ 17,592 on the Bitstamp exchange on June 18.
Guggenheim Partners’ CIO, Scott Minerd, warned during the bearish cycle in May that Bitcoin’s eventual bottom could be at $8,000.
Bitcoin is trading at $18,991 at the time of writing, according to Bitstamp data.
