Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility

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Bitcoin (BTC) continued an intense day of volatility on Dec. 1, hitting lows of $18,400 just over an hour after challenging $20,000 and breaking a new all-time high.

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Data from Cointelegraph Markets and TradingView tracked BTC/USD as it delivered some of its most unpredictable moves in history.

At press time, the pair was moving in a range roughly bordered by $18,500 and $19,000, with conditions changing by the minute.

BTC/USD 1-min chart (Bitstamp). Source: TradingView

Just an hour previously, an attempt to crack $20,000 resulted in a firm rejection along with a $1,000 dive to $19,000 in under ten minutes.

The move mimics Bitcoin’s behavior from last week, during which an initial attempt to break $19,500 also sparked major problems.

furtherAs reported on Monday, traders will now likely be watching the newly established BTC futures gap, between $16,900 and $18,300, which may get “filled” if the price corrects further.