Bitcoin (BTC) testing $10,000 to the downside as bears hunt for bigger losses
- 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
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
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