Bitcoin is extending the declines under $10,000 after failing to hold at $10,200 support. The declines follow the rejection from $11,000. The prevailing bearish momentum could refresh the recent support range at $9,400 – $9,500. Besides, many analysts predict that declines could progress to $7,500 and event $5,500. Therefore, crypto investors must brace themselves for a rollercoaster ride of their lives.
For now, the best bet for Bitcoin is to stay above $9,800 short-term support. A possible recovery above $10,000 will save the market a lot of potential losses.
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