Bitcoin eyes potential drop below $10 000

Bitcoin eyes potential drop below $10 000 after a slump from $10 823 to $10 002 in past 24 hours

This bearish sentiment could lead to a retest of resistance level at $9 467, which is a lowest value in august. Another resistance level can he found at $9 882, which is a 100-day moving average. Bullish sentiment could be revived, if bitcoin breaks $12 000 mark. Bitcoin dominance is still pretty high at 68,7 %.

The rest of cryptocurrency market follows bitcoin. All TOP 10 cryptocurrencies except Litecoin registered a mild slump between 0,6 % to 2 %. Litecoin is the only exception with an increase in price at 0,5 %. Market Cap of cryptocurrency market now stands at roughly $261 bln, where bitcoin stands for approximately $179 bln.


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