Bitcoin Price $10K Deadlock May Be ‘Shakeout’ Before New Highs: Analyst

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A return to four figures is no cause for concern, say analysts despite short-term Bitcoin price outlook leaning bearish. Bitcoin (BTC) price traded back below $10,000 on Sept. 11 as five-figure support for the largest cryptocurrency finally crumbled. Market visualization. Source: Coin360Bitcoin pre-halving “shakeout” theory emergesData from Coin360 showed BTC/USD suddenly drop from $10,200 late on Tuesday, subsequently putting in a local low of $9,900 before a slight rebound. At press time on Wednesday, $10,000 was acting as a guide rail, Bitcoin fluctuating immediately above and below the barrier. Bitcoin seven-day price chart. Source: Coin360The fresh downside was broadly anticipated by forecasters, who…
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Bitcoin Price K Deadlock May Be ‘Shakeout’ Before New Highs: Analyst

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