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Bitcoin Price Tanks $250 In Minutes But Analysts Say Bullish Trend Intact

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The Bitcoin price abruptly fell $250 January 10 as a fresh wave of volatility washed away the calm which had characterized markets this week.


Easy Come, Easy Go

Data from Bitcointicker shows a curious retracing for Bitcoin Thursday, the largest cryptocurrency dropping from $4050 to $3800 in minutes.

The move down cancels out gains from January 7, which saw BTC/USD 00 make an identical move in the other direction – from $3830 to $4020.

Bitcoin remains 11 percent up on the month to date, while more broadly, its price remains down by over a third compared with three months ...

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