Bitcoin (BTC) price is facing a surge in volatility after a brief run above $113,000, followed by a sharp correction below $111,000 on Tuesday.
Bitcoin (BTC) recovers above $113,000 at the time of writing on Thursday after finding support around a key level earlier this week. As attention turns to the start of the Bitcoin Asia conference in Hong Kong, this recovery has been boosted slightly.
Bitcoin’s (BTC) technical structure continues to deteriorate, worsened by weak market sentiment. The largest cryptocurrency by market capitalization saw a flash drop to $108,666 during the Asian session on Tuesday before rebounding to exchange hands above $110,000 at the time of writing.