Bitcoin (BTC) Unravels Under $10,000
© Reuters. Bitcoin (BTC) Unravels Under $10,000
(BTC) turned the tides on the August rally, sinking below $10,000 just a day after surrendering the $11,000 tier. Now, BTC is back near the levels at the start of the month, when predictions of lows near $8,000 were made. BTC slid to $9,692.46, down 8.69% in the past day, and erasing a net 18.46% since last Thursday. The current correction once again erased the expectations of a quick spike to as high as $15,000.
The BTC sentiment has moved down to levels not seen since December 2018, when the depth of the bear market caused fears of extremely low prices:
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: investing.com
View original post