Bitcoin Price Breaks Quiet, Falls to 4-Day Low

After a lengthy stretch of nearly 48 hours of uneventful trade, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC/USD) suddenly broke through its floor near $220 on BTC-e, losing nearly 4% within an hour.

In the past, long stretches of quiet have often been more than compensated for with larger-than-normal moves in either direction. In addition, BTC has recently resumed its habit of bearish weekends, so we cannot rule out a break of $200 during the next 72hrs.

BTC is now off by 12% from its mid-week peak near $241 and challenging its lowest levels in 4 days. It has not dropped back below $200--its new psychologically significant watermark--since in and around its first visit into such territory.

A redigging to sub-$200 depths may reintroduce some panic back into the crypto markets, which although showing some stabilizing behavior, are sitting on vulnerable ground. Near-term support levels have not be holding up and periods of stability have been unexpectedly interrupted by sharp declines.

Prices on BTC-e remain $3.50 (1.6%) below those on its peers, an average offset.