Bitcoin was spotted with amazing momentum, a few days back. The currency touched $10, 000 and helped traders to take a sigh of relief. However, the currency dribbled to $9,600 yesterday. Fortunately, the BTC price recovered in a day. Today, the coin is again experiencing heavy pressure. The price is still around $9,600. The coin could drop to $9,500, but the chances of improvement are ripe. In the coming days, the coin might be seen around $10,000 again.
Bitcoin Price Analysis
Bitcoin was trading at $9,610 on yesterday’s opening hour, and then, it plunged to $9,579 and again escalated to $9,668. From this price point, the BTC price dropped slightly and reached $9,638. The currency improved to $9,745 at 04:04 UTC, and then, it dropped to $9,622 by a moderate fall. From this low, Bitcoin marked a steep hike and reached $9,756 at 12:52 UTC. The currency plunged again to $9,675. Then, it escalated to $9,741. The currency dropped to $9,604 at 20:03 UTC, but the recovery in the price brought Bitcoin value to $9,723 by 1.24% hike. The closing hour again spotted an improvement sign. The price counter traveled from $9,635 to $9,718. The intraday movement in the coin exhibited a marginal progression.
Today, BTC reflected upsurge at the beginning of the day. Then, it dribbled to $9,630 from $9,713. The coin improved to $9,658, but in the next hour, it dropped to $9,603, and recently, the price escalated to $9,654. It is likely to be tilted towards the immediate support level at $9,609. However, if Bitcoin reverses the ongoing trend, the price could be seen climbing to the immediate resistance level at $9,743.