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Bloodshed As Bitcoin Price Plummets Below $10,000

Bitcoin price extends the bearish leg to areas marginally below $10,000 after numerous trials to sustain gains past $12,000. Bitcoin price path of least resistance is now upwards following oversold conditions; support above $10,300 is essential. The leading cryptocurrency gave in to the apparent selling pressure in the market. However, this time, the fall was nothing compared to what we have in in the last two months. From highs marginally above $12,000, Bitcoin initially found a pit stop at $11,100 (a popular support area in August). Recovery was immediate but the flagship cryptocurrency failed to break above $11,500. The impact…

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