Uptrend Broken? Bitcoin Tumbles Below $10K as Greed Hits 6-Month High

Bitcoin (BTC) has fallen below its landmark $10,000 price point after failing to break $10,500 resistance, mimicking a similar $300 drop earlier this week. 

Crypto market 1-day price chart. Source: Coin360

Bitcoin drops to $9,800s

Coin360 and Cointelegraph Markets data show Bitcoin has fallen below the $10,000 big-even, to a press time price of $9,884. 

“Good response by the bulls but 10k needs reclaiming,” commented Cointelegraph Markets contributor filbfilb in his Telegram channel after BTC price initially rebounded back over the $10,000 mark. He continued: 

“We bounced off the 20 DMA, which is meant to act as support, but there is an argument the uptrend is broken. It is the weekend and it would leave us with a gap above. Hopefully, some of you got filled. I missed out on that by a few bucks. I’m going to wait and see what happens with the OBV on the 4 hour for now.”  

Meanwhile, another fellow analyst Michael van de Poppe was more upbeat saying that a pullback was…