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Bitcoin falls to a fresh five-day low in third day of declines

Bitcoin falls to a fresh five-day low in third day of declines

18 Jun 2021

Bitcoin continues to chew into Sunday’s gain

Bitcoin continues to chew into Sunday's gain

Bitcoin edged below the earlier lows in a fall to $36,780, down about $1000 on the day or 2.5%.

It’s the third day of selling after a failure to climb above $41,000 mid-week.

The big move that started with Musk tweeting about bitcoin on Sunday has now largely faded and the latest dip breaks the 61.8% retracement of the rally since June 13.

There is some support just above $36,000 but I don’t see much standing in the way of $35,000 once again.

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