Bitcoin Futures fall hard in the final hour of trading

For the majority of trading today, BTC futures were trading down around 5% on the day. In the final hour of trading, Bitcoin futures on the CME fell by another 2%, closing out the day 7.3% ($4,060) lower at $51,550. As we mentioned yesterday, support sitting just below current prices must hold in order to not sustain further deep losses. If current support at approximately $50,900 - $50,600 does not hold, we will look to approximately $42,000 for an area of support. We may even consider selling the market.