Bitcoin takes a tumble in the last few minutes of trading

The price of bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term is taking a tumble in the current hourly bar. The price has moved from a high of $29,730 to a low of $28,200.

Looking at the hourly chart, the fall has taken the price down to test the 200 hour moving average at $28,256 (green line in the chart above). The current price trades at $28,290 as buyers try to stall the fall nearly moving average level. The 100 hour moving average is down at $27,835.

Just a day ago, the price moved above the 100 hour moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term. In trading today, the price moved above the 200 hour moving average on his way to the spike high at $30,022. The last 4 or 5 hours has seen all the gains in trading today erased and then some.

UPDATE. The price has now moved to a new low of $27,723 which has taken the price below the 100 hour moving average.The fall from the high is now 7.58% or $-2273

There is no news that I can see.