Bitcoin (BTC) turned downward further, erasing hundreds of dollars in an accelerating slide. BTC traded at $6,665.13 as of 6:59 UTC on Monday, on near peak volumes above $44 billion’s equivalent in 24 hours.
The Asian hours trading brought the price down by hundreds of dollars, with strong talk of capitulation on social media. At this point, short-term bearish predictions see BTC return to $5,500, with the most extreme expectations for a slide to $2,500.
The Bitcoin fear and greed index slid to 17 points, still above the extreme sell-off mood in August, where it slid to five points. BTC is now seen as short-term bearish, with a chance of recovery in 2...