Bitcoin (BTC) tumbled to 15-month lows earlier today, defying hints of a rally signaled by current extreme oversold conditions.
The world's largest cryptocurrency by market capitalization fell to $3,200 on Bitstamp at 00:15 UTC – the lowest level since September 2017.
BTC was trapped in a five-day-long narrowing price range 24 hours ago and showed signs that it might break upwards with a strong move toward the crucial resistance at $3,633.