Bitcoin is challenging multimonth lows and now risks violating support, which has sustained the entire BTC price bull run.
Bitcoin faces a battle to preserve its bull market as Mt. Gox reimbursements spark the biggest liquidation cascade in years.
The Bitcoin (BTC) price downside hit 5% on July 5 alone, according to data from Cointelegraph Markets Pro and TradingView — and now traders are eyeing lines in the sand that bulls must protect.
For popular trader Matthew Hyland, first on the radar is support at the $52,000 mark.