BROADCASTS.com

Bitcoin (BTC) took its biggest daily fall in three months on Wednesday, potentially trapping the bulls on the wrong side of the market.

Prices were rejected near $10,300 during the U.S. trading hours and fell sharply by $800 to levels near $9,300 in the 30 minutes to 22:00 UTC before closing the day near $9,600 – down over 5.5 percent on the day. That's the biggest single-day drop since Nov. 21.

That being said, despite the $800 fall, bitcoin's broader trend still remains bullish, with prices holding above the higher low of $9,075.

We have seen this many times throughout the years of trading Bitcoin as this seems like a normal healthy pull-back. But must always watch out while trading on leverage as there had been over $126+million liquidated from this down fall!

Thank you for listening to Everything Crypto podcast. This is episode 047 of Everything Crypto