AD
AD
AD

Crypto Crash: Bitcoin Price Tumbles Below $10,000, Again

article image
Cover image via CryptoComes.com

The Bitcoin price struggles to recover as an overwhelmingly bearish sentiment takes over the market

Tue, 07/16/2019 - 16:53
Advertisement

The price of Bitcoin has just dropped below the psychologically important mark of $10,000 on numerous exchanges, including Coinbase and Binance. 

Notably, the top cryptocurrency has shed almost $500 right after the Senate hearing on Facebook’s Libra cryptocurrency. 

The four-digit price tag 
image by binance.com  

The sudden pullback was expected since Bitcoin’s MACD histogram, which is considered to be one of the most accurate trend reversal indicators, turned bearish for the first time this year.

However, there is a silver lining. As cryptocurrency trader Josh Rager points out, the drop took place right at the start of the four-hour candle, which gives the bulls plenty of time to make a loud comeback.

Advertisement
Hot stuff
1,249,577 XRP in 24 Hours Push Price to New Frontier
2 weeks 5 days ago
Shiba Inu (SHIB) Price to Add $0 This Test is Failed
2 weeks 6 days ago
Cardano Kicks Off New Round of Stake Pool Delegation
4 years ago
Blow to Ripple as SEC Gets Access to Company's Missing Slack Messages
4 years ago
Anti-Bitcoin Activist Arrested in El Salvador
4 years ago
Advertisement
Name card
Shiba Inu (SHIB): One Last Test at $0.0000138 Waiting
3 days ago
Name card
Cardano (ADA) in Bubble? Indicator's Warning Signs
4 days ago
Name card
Solana (SOL) All-Time High on Line? It's Closer Than You Think
5 days ago