Bitcoin and the $ 10.000 mark

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Once again, the Bitcoin has rate not in excess of $10,000 to hold, and the bears have pushed BTC this Morning briefly in the four digit Region. But now we are back in the weak five-digit level.

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Bitcoin and the battle for the $ 10,000-mark

The Bitcoin exchange rate today is like tomorrow once again under the psychologically important $ 10,000 in Support Zone. BTC dropped a few hours ago on to 9,850 dollars and has joined the weekly support area. The course is still in its descending channel, but could fall even lower, and at 9,600 $ support not find, if buyers will soon be active. The experienced Trader Peter Brandt said the Bitcoin Crash of 2018, before, suspected an imminent loss.

“The markets tend to do what most market participants least expect and don’t want to. Downward triangles are mostly in decline.“

BTC has not yet broken out of the descending pattern and the repeated break-ins under $10k suggest that there is little new buyer. The chart pattern is clear and a larger pullback is likely to follow, which could occur in the coming week.

There are still many who suspect that Bakkt with the launch next week of course-could be a Savior, but at the Moment it looks with the views of the current Chart is rather unlikely.

Altcoins are also under strong pressure

The Bitcoin domination is back at 70 percent, which means that Altcoins suffer and the gains made last week niece to be.
Ethereum has fallen on this day to 1.70 percent, with a drop to 212 $. Since last weekend, the ETH has increased 17 percent, but the gains begin to shrink, because Bitcoin is influencing the entire market.
Red candles draw today the crypto-markets during the Asian trading, with strong losses for Ripple, Stellar, Cardano, and IOTA.
Text evidence: bitcoinis, Martin Young

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