Bitcoin’s Price Takes a Quick Dive

After hovering around the $16,500 zone for most of the day on December 12, bitcoin jumped in value to around $17,100 during the early hours of December 13. Bitcoin markets were coasting along in that range for a few hours, and then around 12 pm EDT the price started heading south and dropped one deep leg down to the $15,400 territory. At the moment the price has rebounded, and bullish traders are desperately trying to command prices ranges above the $16K region.

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