Express

Bitcoin Makes Another Attempt At Breaking Past $10,000 Resistance Level

Emily Mason

Summary: BTC made yet another run at $10,000 earlier on Wednesday, June 10, Bitpush data shows. But just as quickly as the price rose, it dropped back down almost $400 within 20 minutes. Within an hour of the price fluctuations $15 million worth of BitMEX positions had been liquidated, data from Skew showed. Several analysts noted ...

BTC made yet another run at $10,000 earlier on Wednesday, June 10, Bitpush data shows.

But just as quickly as the price rose, it dropped back down almost $400 within 20 minutes. Within an hour of the price fluctuations $15 million worth of BitMEX positions had been liquidated, data from Skew showed.

Several analysts noted that this behavior is similar to what was seen before Bitcoin's stellar performance in March 2019. Another  added that strong performance of altcoins over the past few weeks could contribute to a BTC rally in coming weeks, Bitcoinist reported. 

By Emily Mason

Last Update:

Tags: ,
Link: Bitcoin Makes Another Attempt At Breaking Past $10,000 Resistance Level   [Copy]
Next:

Related Articles

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 18 hours ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 5 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 8 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 12 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 14 days ago

    • You need to login to comment.