BTC/USD Nosedives Under $10k, Setback Or Rally Cut Short?

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  • Bitcoin bears swing in action as the price loses the pace towards $10,000.
  • Bitcoin price holds within the rising channel despite the correction from yearly highs.

Bitcoins paced towards the psychological $11,000 after correcting from the recent dip to $9,700. The bulls marched above several barriers including $10,000, $10,200 and $10,400. However, the momentum targeting $11,000 fell short of the medium-term resistance at $10,500. In other words, a new yearly high was formed at $10,482 (on…

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