RATE Group | Bitcoin Price at $10,000 is in Danger As Bulls Begin to Lose Support
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Bitcoin Price at $10,000 is in Danger As Bulls Begin to Lose Support

23 Jul Bitcoin Price at $10,000 is in Danger As Bulls Begin to Lose Support

Posted at 22:54h in Bitcoin News by

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Bitcoin has been struggling to regain the bullish momentum its enjoyed for the bulk of 2019. Ever since December 2018 when Bitcoin price bottomed, it has mostly been on an upward ascent until it met former bear market resistance at $13,800 and it resulted in a nasty rejection and flash crash that put the entire parabolic rally on ice.

Today, Bitcoin price dipped below $10,000 after bull lost daily and weekly support at around $10,185 but paused briefly at $9,800 before falling any lower. Will Bitcoin bull reclaim $10,185 and make an attempt higher? Or will $9,800 break and see a restest of lows around $9,200, and possibly even lower in the coming days ahead?

Bitcoin Price Struggles to Maintain Support at $10,000, Bulls Losing Strength to Bears

Bitcoin bulls have been not only breathing a sigh of relief now that Bitcoin is once again in the five-digit territory – a far cry away from its bear market lows around $3,000, that put real panic in the hearts of crypto traders and investors…

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