Crypto Crash Today: Bitcoin (BTC) Falls To $19,000 In A Few Minutes

Crypto crash

✍️ 14 October, 2022 - 10:44 👤 Editor: Jakub Motyka

Bad omens await the drop in the price of Bitcoin an hour ago. After a day in which it seemed that Bitcoin (BTC) was going to recover from the loss of support at 20 thousand dollars, a scare in the crypto market has just caused a crash which has dragged its price down to almost $19,000.

The cause of this new fall is still unknown, but that the Bitcoin (BTC) price moves away from $20,000 again, in a crypto-winter that has plunged its price far from its historical highs, it does not seem to indicate anything good about the crypto market for the final stretch of the year.

Bitcoin (BTC) Slides To $19,000, Crypto Crash Today?

The crypto community has had a good scare in the last hour with the drop in the price of Bitcoin. The queen cryptocurrency has lost its price close to 20 thousand dollars to stay about to touch 19,000 dollars, which if it occurs would mean recovering the price that has not been seen since one of the crypto crashes of the month June of this year.

Bitcoin crypto crash September 6 2022
Drastic drop in the price of Bitcoin (BTC) today, September 6, 2022.

Almost from one minute to the next, the Bitcoin price has lost its horizontal line that oscillated at $19,769 to let its price slide to $19,037 , which marks a new low in the price of this crypto during the last few months.

Bitcoin (BTC) Price Forecasts Turn Negative

Now that the price of Bitcoin is moving away from the upward resistance that it had marked at $20,500, its next stops are already at lower figures. Having fallen from the support of $19,500, all that remains is to see its price decrease until it tests the support of $18,500, which once reached would test the resistance of this crypto in the face of a major crash .

At the moment, it is clear that the price of $69,000 is a little further away for Bitcoin.

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Juan Pais

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