Bitcoin Price Analysis: BTC/USD at risk again underneath $10,000
|- Bitcoin price is trading in negative territory, down 4.40% in the second half of the session.
- BTC/USD has lost momentum over the last three sessions, failing to break a barrier at $10,500.
- Support is now likely to be sought at the psychological $3000 price mark.
BTC/USD daily chart
Heavy resistance at $10,500 forced the price to get caught by the sellers again, driving Bitcoin to the south.
BTC/USD 60-minute chart
Price action has broken out to the downside from a bearish pennant structure via the 60-minute.
Spot rate: 9,525.45
Relative change: -4.40%
High: 9,966.66
Low: 9,524.22
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