Bitcoin Price Analysis: BTC Makes a 6.23% Cut and Falls Below $10,000

Bitcoin, in the last 24 hours, has lost a whopping 6.23% and it has pushed the coin to below 10,000 USD. The current fall is a significant one, after struggling for days it had just started recovering. However, the medium-term outlook of the coin is likely to become bullish. Here we will analyze the four major price swings of the coin in the last 1 day, let us first see the current statistics of the coin.

BTC Price Statistics-

BTC to USD Price Comparison-

At the time of opening, Bitcoin was being traded near 10,800 USD when it faced a blow of 6.58% over the next six and a half hours. This fall made the coin to be placed at 10,089 USD. The second swing was another price correction that happened between 09:36 UTC and 16:06 UTC and this correction took 349 USD away from the value of the coin. It was followed by a hike of 3.08% and by 20:33, this hike added 304 USD to Bitcoin. By the closing of yesterday, the coin was hovering around 10,150 USD, but within the next 2 hours, it made a steep dip down losing 367 USD.

Bitcoin Price Prediction-

As Bitcoin has been put under 10,000 USD, recovering from this blow would be its priority. As per Bitcoin price expectations and analysts, the coin may take some more time to be able to reach 11,000 USD. The next resistance of the coin may come at 10,636 USD. All the next probable resistance and support levels are given below.