Bitcoin has been facing immense turbulence throughout the past several days, with sellers forcing its price down to lows of $9,900 this morning following yesterday’s ardent defense of the upper-$9,900 region.
It now appears that the cryptocurrency is at risk of seeing further downside in the near-term, as the multiple attempts to shatter its $10,000 support seem to indicate that bears are building momentum.
One analyst is noting that the cryptocurrency’s pivotal price region to watch in the near-term sits at $8,140, which could mean that a decline to this price is imminent in the near-term.
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https://www.newsbtc.com/2020/09/04/bitcoin-may-plunge-to-8000-if-it-breaks-below-one-crucial-level/