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Bitcoin Makes a Drastic Fall; Goes Down to $9700

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  • Bitcoin loses 3.68% in the last 24 hours and falls below 10,000 USD.
  • In the short-term, BTC price may face pressure to surge if it falls even lower.

Bitcoin (BTC) has lost an enormous value over the last 24 hours. The 3.68% cut has pushed it 300 USD below 10,000 USD. There have been three major price swings, but the major decrement happened today in the initial hours. The price movements of Bitcoin are likely to aggravate further.

BTC to USD Price Analysis-

Bitcoin Price Chart
Bitcoin Chart by TradingView

Bitcoin’s first swing happened between 01:24 and 12:05 UTC and this swing cost it 168 USD and placed it at 10,095 USD. The second variation is also another series of weakening trend and it started at 12:29 UTC. Over the next 13 hours and 34 minutes, it fell to 10,088 USD.

However, the most effective of them was the third and the last variation which happened between 02:22 and 03:06 UTC, today. This variation took a major fall of 5.28% in just 44 minutes and pushed the value to 9,604 USD.

BTC Price Prediction-

The devaluation in the value of BTC against USD has left an immense impact on the overall crypto market. The overall condition of the market seems to be deteriorating in the coming days. BTC may have to seek support at 9000 USD soon.

Support & Resistance Levels-

R1- $10252.29, R2- $10306.34, R3- $10336.75

S1- $10167.83, S2- $10137.42, S3- $10083.37

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