Ken Chigbo
Independent Analyst
- Bitcoin price on Thursday is under heavy selling pressure, nursing steep losses of some 10%.
- BTC/USD has given back the advance seen on Wednesday and more.
- The next major area of safety is eyed back down at the psychological $10,000 mark.
Spot rate: 11,670.04
Relative change: -13.35%
High: 13,353.04
Low: 11,289.01
BTC/USD 60-minute chart
- Bears set to test major support area of $10,500-10,000, if it fails to hold there could be a very fast further drop south.
BTC/USD daily chart
- Price pressures have been heavily to the downside, as the bulls failed to sustain the aggressive push north on Thursday.
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