At noon today, Tuesday (11 February 2020), Bitcoin fell 2.5 percent in 24 hours ($ 9,753), a few days after the Crypto Asset King passed its psychological level $ 10,000
A decline after the level of $ 10,000 is considered reasonable by some analysts.
"The recent rally has also entered overbought territory and is causing a downturn now," said Joe DiPasquale, CEO of BitBull Capital, adding that Bitcoin is trying to build support levels between $ 9,800 and $ 10,000.
Other analysts are of the same opinion. For Kiana Danial, CEO of Invest Diva, Bitcoin has entered a long-term upward trend. However, it's not like 2017.
"This time the increase is more measurable. We predict the decline to the level of $ 9,500 or even $ 9,000, before we see the next strengthening, at $ 11,000, "said Kiana.
Jon Pearlstone from CryptoPatterns is quarterly cash. He said, the strengthening of Bitcoin for a period of two months and being able to surpass $ 10 thousand, was the beginning of the next strengthening.
"There will be an increase that is more than just a psychological level of $ 10,000," said Jon.
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered fraud and violate the intellectual property rights of the original creator.
Fraud is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #disputes on Discord
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @mendrofa! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
!sc ban
Account belongs to well known mass indentity thief and scammer
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Banned @mendrofa.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit