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Bitcoin has look below 77k
Well, it is hardly surprising given the recent moves across the wider markets and the increased level of risk aversion, but Bitcoin did have a look below the 77k handle for the first time in several days. In fact, it was the first time below that handle since September 3.
Bitcoin fell back as low as 76,663, down almost $2000 from the earlier European morning session high, at 78,523. It has bounced back above the 77k handle since, but in truth that bounce does not look so convincing at this stage and hence we are not ruling out further downside today. Bitcoin is right now at 76,945
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