- Over the past few weeks, bitcoin has not been performing as well as it did during the summer.
- The leading cryptocurrency lost its $11,000 support level with an unexpected drop initiating it to eventually go below $10,000.
Over the past few weeks, bitcoin has not been performing as well as it did during the summer. The leading cryptocurrency lost its $11,000 support level with an unexpected drop initiating it to eventually go below $10,000. Many people of the bullish mindset are now worried about the future of bitcoin and where it will go in the coming weeks.
Many people thought it would just be a shortset back for bitcoin but unfortunately, things don’t seem to be changing, at least not in a good way. The key $10,000 mark seems to be the fight as the Bears attempt to drag prices beneath this key resistance mark, who knows what the future will hold.
Prior to this though, bitcoin was able to keep his support above $10,000 mark for several weeks, especially in July.
Over the past few days, bitcoin and the overall cryptocurrency space has been very bearish on where it will go in the future. Many people are predicting negative things to occur for the leading crypto, but only time will tell.
Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
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