Bitcoin Drops Below $10,000 as Support Wears Thin

Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that provided little clarity as to whether or not it will begin venturing into the four-figure price region, or if it will begin climbing until it retests its year-to-date highs of $13,800.

This choppiness has been largely centered around a battle between BTC bulls and bears that is currently ongoing, as the crypto continues to find some levels of support in the upper-$9,000 region.

Bitcoin Continues Finding Support Around $10,000

At the time of writing, Bitcoin is trading down nearly 4% at its current price of $10,020, which marks a deep pullback from its highs of just below $10,500 that were set yesterday.

Today’s price drop has once again led the cryptocurrency back to $10,000, which remains a key psychological support level. Although each dip below $10,000 has been met with decent buying pressure, it does appear that this level may be weakening.

While looking at BTC’s weekly price action,…