Bitcoin Is Back Above $10K But Gains Could Be Short‐Lived


Having breached key support yesterday, prices on CoinDesk’s Bitcoin Price Index (BPI) fell to a two‐week low of $9,627.89 at 01:14 UTC today. In the last few hours, bitcoin (BTC) has managed to regain some poise and moved back above $10,000. At time of writing, bitcoin was around the $10,300 mark.

The 15 percent drop from the weekend high of $11,942.25 signals a continuation of the series of lower highs on the price chart, suggesting the bears remain in control.

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