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Bitcoin takes out technical level at 62,408

Since the last update here on Bitcoin this morning, the lead cryptocurrency has now fallen below that technical level which has been mentioned here many times over the past week and more. The outlook for that to be put to the test has been a theme of several quick news updates. Well, it has now been put to the test and right now it has been found wanting. That is because BTC has fallen to a low at 62,130 a short while ago. Perhaps there was stops in place below 62,408, but that is not confirmed here. What this breach does do, is to open up the prospect of a further fall much closer to the 60k handle from here on, but at the same time that is not a given either. Bitcoin is currently trading at 62,230
 

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