Bitcoin has resumed its descent to the downside as legacy markets have opened in the red once again. The leading cryptocurrency has been flirting with $10,000 all morning, nearing the trend lows.
The cryptocurrency is reaching pivotal supports as it continues its descent.
One trader went as far as to suggest that if BTC doesn’t bounce soon, it may not be in a valid bull market. This is in line with the sentiment of a number of other analysts as many believe that the support in the $9,500-10,500 region is pivotal for Bitcoin to hold.
Details:
https://www.newsbtc.com/2020/09/09/bitcoin-needs-bounce-here-may-not-be-a-proper-bull-market/