Bitcoin Falls Under $10,000
Bitcoin has continued to crack under pressure. As of the time of writing this, BTC has dipped under the auspicious $10,000 price point, falling to four digits for the umpteenth time in a matter of weeks. As of the time of writing this, Bitcoin is trading at $9,960 — as it continues to flirt with five digits — and has found itself down 5.4% in the past 24 hours.
This data comes courtesy of CoinMarketCap.com.
Most altcoins also have losses in the 5% range, going to show that the surge in Bitcoin dominance may be coming to an end as some analysts have suggested, which Ethereum World News outlined in a previous report on the potential for a so-called “altseason”.
BTC to Fall Further, Predict Some Analysts
With this move under $10,000, Bitcoin has purportedly collapsed under a short-term trendline, which acted as resistance in late-June and support in early-July. Crypto Hamster suggests that if BTC closes a six-hour candle under this level, which currently sits at $10,000, “more dump could come.”
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