Bitcoin breaks below 18k

Following on from an earlier update here this morning, Bitcoin has fallen further. The price has not dropped below some minor interim support it has set in place between 18,040 and 18,060 that was mentioned here in the previous update on Bitcoin. The drop below those levels clearly ignited some fresh selling and has now extended to as low as 17,870. There could have been some stops triggered below 18k too. That is not clear but would seem more likely than not.  The overall price dynamic does continue to suggest the move lower today is further evidence of a deeper corrective phase unfolding again today. Bitcoin is now trading at 17,920