Published on September 15th, 2017 | by bitcoin0
Blame China? Bitcoin price seeks bottom below $3,000 as sudden selling sets in
As per CoinMarketCap, the bitcoin price has lost more than 20% of its value in the last 24 hours.
Perhaps even more notably, the price of bitcoin has shed almost $1,000 over the last 48 hours.
For a time, it appeared that the oversold intraday technical conditions could yield a relief rally to $3,700 levels.
However, the bulls continued to exit the market on fears other exchanges would close down their Chinese desks.
A minor technical correction could follow, although fresh offers could hit bitcoin around the falling trend line 1.