- Over the last four sessions, Bitcoin fell as much as 15% as sentiment turns.
- This time the digital gold found support at 8,500 but the losses might not be done just yet.
BTC/USD 10-min chart
The price has been very choppy today as you can see from the chart below. There has been a pullback but as soon as the price hit 9182.66 the market turned and fell in two stages.
The 8500.00 level provided the market with some support even though the price dipped through. It seems like some participants are banking some profits as we head toward the halving event this week.
On the higher timeframes, there is no doubt the market is still in an uptrend. The 10K level just seemed like too much of a mountain to climb for now.
%20(21)-637248124585847185.png)
On the 4-hour timeframe below you can see that the BTC/USD pair stopped exactly at the trendline. This support zone is still vulnerable to let’s see how the market closed at the end of the day (Monday) to see if there is a technical break to the downside.
%20(22)-637248128564499561.png)
Additional levels
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