Bitcoin Price Approaches $10,000 24 Hours After $11,000 Falls
is nearing closer to psychological support at $10,000 – an important level that was supposed to act as the FOMO trigger taking the price per BTC to a new all-time high – , which has now turned resistance.
Today alone, Bitcoin price has fallen over $600 and a few meager attempts at a bounce have failed to bring any relief to bulls who may be trapped in longs and hope to close before the next leg down. With Bitcoin price dropping well over a $1,000 in under 48 hours, how deep with the drop go? And at what price point might a real bounce or relief rally occur?
Bitcoin Price Nears $10,000, FOMO Turns to FUD
$10,000. It’s an important price level for Bitcoin, there’s no denying that. It’s been the price level at the center of many battles between bears and bulls, and back in 2017 acted as the that sucked retail buyers into the crypto bubble and took Bitcoin to its all-time high at $20,000.