Bitcoin is in a recovery mode after yesterday's seemingly news-driven drop, but the gains could be transient, technical analysis suggests.
Soon before press time, CoinDesk's Bitcoin Price Index (BPI) had bounced back to $10,070 - up 6 percent from the previous day's low of $9,468 - and was last seen at $9,993. However, on a 24-hour basis, the world's largest cryptocurrency by market capitalization is still reporting a 4.25 percent drop, according to CoinMarketCap.
Twenty-four-hours ago, bitcoin (BTC) was trading around $10,500 and clocked a high of $10,702 at 15:00 UTC before falling more than $1,000 to the lowest level since Feb. 26.
https://www.coindesk.com/bitcoin-revisits-10k-after-yesterdays-10-percent-drop/