The price of Bitcoin is at risk of falling below $10,000 if a crucial support level fails to hold.
As the price of Bitcoin (BTC) couldn’t break through the resistance level of $12,000, a retracement did not come as a surprise. In recent days, BTC/USD pulled back to $11,400, a correction of almost 10%.
Meanwhile, gold, silver and other commodities are also correcting due to a slight bounce of the DXY, or the U.S. Dollar Currency Index.
What’s more, multiple heavy movers like Chainlink (LINK) and Tezos (XTZ) also showed substantial corrections in recent days. Can this be a moment to buy the dip, or are further revisions imminent?
Bitcoin Price Risks Dropping Below $10,000 if This Support Level Fails
from Bitcoin – The Currency of the Internet