NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin Drops Below $10,000 as Support Wears Thin

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that has provided little clarity as to whether or not it will begin venturing into the four-figure price region, or if it will begin climbing until it retests its year-to-date highs of $13,800.

This choppiness has been largely centered around a battle between BTC bulls and bears that is currently ongoing, as the crypto continues to find some levels of support in the upper-$9,000 region.

Bitcoin Continues Finding Support Around $10,000

At the time of writing, Bitcoin is trading down nearly 4% at its current price of $10,020, which marks a deep pullback from its highs of just below $10,500 that were set yesterday.

Today’s price drop has once again led the cryptocurrency back to $10,000, which remains a key psychological support level. Although each dip below $10,000 has been met with decent buying pressure, it does appear that this level may be weakening.

While looking at BTC’s weekly price action, some analysts have noted that its bullish response to its dip to $9,800 this past Wednesday and yesterday’s surge to highs of $10,500 may have been sparked by growing trade tensions between the U.S. and China, but the fleeting nature of this movement may have invalidated this theory.

“Today was the first time $BTC reacted sharply in *real-time* to a Trade War breaking headline or $USDCNY fix,” Alex Krüger, an economist, noted in a recent tweet while referencing the price surge that has since been erased.

Today was the first time $BTC reacted sharply in *real-time* to a Trade War breaking headline or $USDCNY fix. pic.twitter.com/Usibh3bSD5

— Alex Krüger (@krugermacro) August 23, 2019

BTC’s Key Support Levels May Be Wearing Thin

Although Bitcoin has been able to continue finding support around $10,000, analysts are now noting that this support level may be wearing thin, which means that the crypto may soon drop to its next major region of buying pressure around $8,800.

DonAlt, a popular crypto analyst on Twitter, spoke about Bitcoin’s recent price action in a tweet, explaining that its inability to post any sustained movement upwards signals that its short-term price action is bearish, and that its current support region may be “wearing thin.”

“$BTC daily update: Closed above mini resistance and immediately dumped off. That’s what I mean when I say choppy conditions. That said it never left the lower trading range, and as long it’s in there short-term bias has to be bearish. Support wearing thin here, in my opinion,” he said.

$BTC daily update:

Closed above mini resistance and immediately dumped off.
That's what I mean when I say choppy conditions.
That said it never left the lower trading range, and as long it's in there short term bias has to be bearish.

Support wearing thin here, in my opinion. pic.twitter.com/3yzu3P0r1P

— DonAlt (@CryptoDonAlt) August 24, 2019

This weekend will likely be an illuminating time for BTC traders, as its reaction to its current bout of selling pressure will likely signal whether or not it is ready to climb higher in the near-term, or if further losses are imminent.

Featured image from Shutterstock.
Tweet123Share233ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

La corsa rialzista di Dogecoin è finita? Una analista vede echi del 2021

Secondo Cantonese Cat, Dogecoin resta strutturalmente pronta per un’impennata di fine ciclo, in linea con gli schemi dei precedenti bull...

Orfeo Barone 1 hour ago
“테슬라 결제 실험” 썸즈업, 도지코인 결제 도입… 밈코인 시장 다시 달아오른다

나스닥 상장사 섬즈업, 도지코인 결제 도입… 밈코인 시장 다시 달아오르나?

핵심 요약 섬즈업 미디어(Thumzup Media), 콘텐츠 창작자 보상에 도지코인 도입 발표 기업의 밈코인 채택, 시장 성숙 신호…원조 코인은 포화 상태 기술적 분석가들 도지코인...

Soyeon Lee 1 hour ago
Πρόβλεψη τιμής Dogecoin

Πρόβλεψη τιμής Dogecoin: Ο “βασιλιάς των meme coins” επιστρέφει στα $0,2 – Ο Elon Musk κινείται και το Maxi Doge εκτοξεύεται

Η πρόβλεψη τιμής Dogecoin δείχνει ξανά ανοδική δυναμική, καθώς το εμβληματικό meme coin του Elon Musk ανέκαμψε πάνω από τα...

Ιωάννης Ριζόπουλος 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Hyper Best Crypto to Buy Now as Short Squeeze Brewing and U.S. Inflation Data Looms

Aaron Walker Just now
Crypto news

Crypto Bulls Beware: Friday Could Be Crucial — Here’s Why

Jake Simmons 2 minutes ago
Bitcoin

Bitcoin koers breekt Nasdaq correlatie – BTC koers verwachting Q4 2025

Lars Diederiksen 42 minutes ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:政府閉鎖で注目高まるCPI発表と次回利下げを巡るFRBの動き

    ...

    47 minutes ago
  • ドージコイン 今後の価格予測:0.86ドル到達の可能性、次世代ミームトークンが10倍成長か

    ドージコイン...

    1 hour ago
  • リップル 今後 に注目:オプション市場の強気転換が示すBTC・ETHからXRP・SOLへの資金移動

    リップル 今後...

    1 hour ago
  • 新しい仮想通貨が急上昇:レイヤー2プレセールで2,500万ドル目前

    ...

    2 hours ago
  • コインベース市場回復前に注目すべき仮想通貨プレセール銘柄

    ...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.