Bitcoin: Balloon About to Blow or Just a Correction

The price of Bitcoin is the falling zone, price down by more than 8 percent in day, continuing losses that began after the cryptocrrency slipped below to $7000 slab. It’s price has fallen to as low as 6476, according to the Bitcoin Price Index (BPI), this is the lowest price since this month.

This is a reversal from $7900 (approx). Earlier in the day’s trading, the price had climbed as high as $7329, with today’s low marking a a more than a declining of &600 since that level.

Current price (at time of press) = $6489.55