Fri, 07/26/2019 - 06:21

Bitcoin Price Slips Below $10,000. Is This a Bear Trap?

A prominent cryptocurrency trading expert believes that you shouldn’t be bothered by this minor drop

Cover image via www.123rf.com

After testing the waters in the sub-$10,000 region, Bitcoin failed to stage a breakout. According to CoinMarketCap data, its price is once again in the four-digit territory at $9,753.15.

This three percent drop could signal more pain for the bulls given that the BTC price plunged below its weekly resistance level. Hence, Bitcoin trading at the $8,000 level is now not that far-fetched scenario.

However, according to trading expert ‘The Crypto Dog,’ this downturn could only be a ‘distraction’ before skyrocketing all the way to $11,500.

Price movements under $10K have only been a distraction to shake you out before $11.5k #Bitcoin
— The Crypto Dog📈 (@TheCryptoDog) July 26, 2019

Subscribe to CryptoComes.com on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

Bitcoin Price Prediction

Cryptocurrency Market

Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.