TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

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. 
Bitcoin Price Analysis: BTC/USD at risk again underneath $10,000
Ken ChigboKen ChigboIndependent Analyst

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

Author

Ken Chigbo

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.

More from Ken Chigbo
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.

Chainlink risks further losses in early 2026 despite the ecosystem growth

Chainlink risks further losses in early 2026 despite the ecosystem growth

Chainlink (LINK) is down 2% at press time on Tuesday, adding to a nearly 5% decline in December so far. The oracle token risks a negative close for the fourth straight month, potentially signaling a bearish start to 2026. 

Bitcoin retreats as $90,000 rejection, ETF outflows weigh on sentiment

Bitcoin retreats as $90,000 rejection, ETF outflows weigh on sentiment

Bitcoin continues to trade lower on Tuesday after failing to break the key $90,000 resistance level the previous day. US-listed spot ETFs record an outflow of $142.90 on Monday, while Strategy Inc. boosts its cash reserves to $2.19 billion.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.