Bitcoin Falls to Bottom of Established Trading Range as Sell Volume Ramps Up

Overnight, Bitcoin fell to the bottom of its long-established trading range, finding stability in the mid $6,300s. Bitcoin’s drop is not unexpected, and is far less severe than many analysts had foreshadowed, following a period of incredibly flat trading.
Analysts have previously explained that the longer an asset, especially a cryptocurrency, trades flat, the larger the proceeding move will be. Conceptually, this can be thought of as a spring slowly coiling, and when it is let go the more