Bitcoin today

Bitcoin today


Bitcoin Struggles to Find Strong Support as Selling Pressure Ramps Up

After losing its position within the $11,000 region, Bitcoin has been expressing signs of immense weakness as its price trades within the mid-$10,000 region.


At the time of writing, Bitcoin is trading down over 7% at its current price of $10,600, which marks a massive decline from its weekly highs of $12,200 that were set just a few days ago.


Analysts are offering mixed outlooks on the benchmark cryptocurrency, but there is a general consensus that its next massive support sits around $9,600.


That being said, one trader noted that the support at $10,500 should be enough to provide some near-term relief.


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