Here’s Why An Analyst Is Eyeing a Bitcoin Drop Toward $9,750

Bitcoin sustained a strong drop on Thursday after peaking at $12,000 earlier this week. The leading cryptocurrency now trades for $10,300, having collapsed around 15% from the local highs. BTC closed its daily candle below pivotal support levels, a technical signal that does not bode well for bulls. While $10,000 has held for the time being, analysts think that at least one leg lower is likely. This final leg lower will take Bitcoin to at […]
Bitcoinist.com

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Author: toutiao