Bitcoin Price Dips Below $10,000 as Next Bearish Wave Materializes
It has become painfully evident this weekend will not be a good one for the cryptocurrency markets. If the retracing Bitcoin price is any indication, the next 48 hours may very well turn into a major bloodbath. With the Bitcoin price firmly below $10,000 once again, the market volatility only intensified as more time progresses.
ANOTHER BITCOIN PRICE DIP MATERIALIZES
It is not entirely surprising to see the Bitcoin price go through another small correction as of right now. Such a trend has been forming for several days now, especially when the Bitcoin price surpassed $10,000 again not that long ago. It seems the world’s leading cryptocurrency simply can’t catch a break right now, as the bearish momentum is not relenting whatsoever.
Over the past seven days, we have seen the Bitcoin price as high as almost $12,000. Such a strong gain cannot occur without a correction to follow shortly after. It is the unfortunate way in which cryptocurrency markets work at all times. Ever since almost touching $12,000, we have seen the Bitcoin price go lower and lower every single day. It seems we may be in for another wild ride in this regard.
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