#Bitcoin Price Closes Below $69,000 - Caution Advised


An extremely changeable market over the weekend saw the $BTC price finally close below the previous all-time-high of $69,000. Could this be a sign that we are in for a much deeper correction?
Much price volatility
After a 6% dive for the bitcoin price on Saturday, this was followed by a 4.7% rally on Sunday. This strong volatility in price has been apparent ever since $BTC rose to take out the previous all-time-high of $69,000, with as much as a 6% drop last Tuesday, a 5.6% gain the preceding Monday, and much chop and change since then.
That said, the position now is a bit more precarious for $BTC. The failure to make a weekly close above $69,000 could prove to be a sign that last Thursday’s new all-time-high of $73,800 could have marked the top, and that we are now going to experience a much deeper correction.
BTC-2.78%
EVER-2.44%
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