At around 2:15 UTC, bitcoin (BTC) began to tumble significantly as its value dropped below a previous area of support at around $18,474. Spot volume across major exchanges also rose sharply as bitcoin’s 24-hour range fell to between $19,474 and $16,514 – its sharpest decline in 12 weeks, according to CoinDesk 20 data. Today’s fall marks an over 12% drop over 24 hours. “I think this is a correction before we break $20,000,” said Ki Young Ju, CEO at analytics firm CryptoQuant.