- Bitcoin continues to remain within the control of the sellers, as price hits lowest since 22 June.
- BTC/USD bears are gunning for a return into the $9000 price territory, with $10,000 at threat.
The Bitcoin price is coming under further selling pressure on Monday, as it nurses steep losses of some 5% in the second part of the session.
BTC/USD has smashed through support seen at $10,700-600 range, as price flushes through to test the big $10,000 mark.
Next major area of support seen back down at $9,500, where the price last traded on 20th June, when the recent upside momentum began to pick up place.
BTC/USD 15-minute chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.