BTC/USD bears pressing for another push back below $10,000


  • Bitcoin price is nursing losses on Friday of some 3% in the second half of the session.
  • BTC/USD ran into a chunky supply region, $10,500-800 price range, forcing a retreat. 
  • Given the current downside pressure the bears likely heading for another push below $10,000. 

 

Spot rate:                  10,348.11

Relative change:      -3.05%

High:                         10,772.91

Low:                          10,113.85

BTC/USD 60-minute chart

  • Price is losing further near-term momentum, with eyes on the below demand, $9400-100 range. 

 

BTC/USD daily chart

  • The downside pressure is picking up the pace after failing to sustain a technical correction on Thursday. A critical trend line can be seen just below.



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