Bitcoin Has Fallen 10% From Its All-Time High—What Traders Should Know

Bitcoin Has Fallen 10% From Its All-Time High—What Traders Should Know

This is a BETA experience. You may opt-out by Bitcoin retraced recently. Technical analysts shed some light on where it will go next. (Photo by ... [+] Dan Kitwood/Getty Images) Bitcoin prices suffered a modest pullback over the last few days, dropping close to 10% after reaching their latest all-time high of nearly $69, 000 on Wednesday, November 10. The digital currency approached $62, 000 today, declining to as little as $62, 321. 50, CoinDesk figures show. Upon reaching this price point, the cryptocurrency was down 9. 7% from its record price of $68, 990. 90, additional CoinDesk data reveals. Since falling to that intraday low, the digital currency recovered, approaching $64, 500, and it was trading below $64, 000 at the time of this writing. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Following these latest fluctuations, several analysts weighed in, offering their perspective on what technical traders should know. "Bitcoin had a slight pullback (for Bitcoin standards) after hitting new all-time highs on Wednesday," said Jake Wujastyk, chief market analyst of TrendSpider. "This move was strongly correlated with the