Breaking news on the market of cryptocurrency caused some shifts of the Bitcoin price graph. This news was about a red candle that appeared out of blue recently. Because of this phenomenon the price of the Bitcoin dropped drastically. It was about 7000 dollars. This situation occurred on the exchange platform BitMex. Users of this platform, after such drastic drop of the BTC price started to blame the exchange platform for the FUD.
Developers of the platform explain such situation by the error that happened in the internal system after which all the platform went offline. That is why all users’ stops were not fixed during the major movement of market. As a result, users of the BitMEX platform lost a huge amount of money.
It should be mentioned that the most popular pair on the cryptocurrency market BTC-USD now is reaching its descending channel. Experts say that it slips now below 200H MA. Such drop was expected after a constant grow of the price. According to the latest analysis and forecast, the price of the Bitcoin will be 6 809 dollars in the nearest time. Such price graph will last for a certain time and then the price an grow up as it was several weeks ago.