Bitcoin (BTC) Struggles to Maintain $10,000, Falls to $9,500 Support
Cryptovest
Published Feb 17, 2020 08:22AM ET
Updated May 31, 2020 12:21PM ET
Bitcoin (BTC) Struggles to Maintain $10,000, Falls to $9,500 Support
Bitcoin price has come under significant pressure this week as it failed to hold the $10,000 level, which it had reached rather easily since starting this year around $6,900.
While the price broke $10,000 on February 9, 2020, following a golden cross between the 50-day and 150-day moving averages, and even managed to defend the breakout for a couple of days, it could not hold its own against significant profit-taking, which turned the tide against the bulls.
The $9,500 support is holding for now, and earlier, had served as the launchpad to breac...
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