The bitcoin rate fell by $ 500 in just two hours

Today, September 5, the price of the first crypto currency suddenly began to fall, touching the values below the psychological mark of $ 7000.
BTC / USD, hourly chart of the Bitfinex exchange

On the chart above you can see that the downward movement is quite strong and is accompanied by a significant increase in trading volumes. However, the price has not yet been able to gain a foothold below $ 7000.

According to analyst of CoinDesk Omkar Godbow, while the upward trend remains topical. To drastically change the direction of the movement, the bear needs to push the price below $ 6895, through which a moving average with a period of 100 passes on the four-hour chart.

"By tradition," the dropping bitcoin pulled down the vast majority of altcoys. So, in the screenshot below you can see that in the "red zone" were all the regulars of the top ten CoinMarketCap, with the exception of Tether stebo:
Earlier, the founder of Morgan Creek Digital Assets Anthony Pompliano admitted that bitcoin could fall to $ 3000.