Bitcoin continues to chew into Sunday’s gain
Bitcoin edged below the earlier lows in a fall to $36,780, down about $1000 on the day or 2.5%.
It’s the third day of selling after a failure to climb above $41,000 mid-week.
The big move that started with Musk tweeting about bitcoin on Sunday has now largely faded and the latest dip breaks the 61.8% retracement of the rally since June 13.
There is some support just above $36,000 but I don’t see much standing in the way of $35,000 once again.