Bitcoin failed 4th attempt to overcome 10K

Bitcoin has lost 5% in the last 24 hours and is currently trading at $9,400. The lowest point was at $9,250, where the buyers supported the coin. We saw similar pullbacks after previous unsuccessful attempts, but then the scale of price decline was even more substantial.

The Crypto Fear & Greed Index showed a decline of 14 points per day, switching to “fear” mode. The RSI also declined, staying in the neutral zone.

All altcoins were in the red zone, following the benchmark cryptocurrency. In this case, the sale on the crypto market coincided with the decline of stock indices. There is no direct link here, but market participants would find it if the cryptocurrencies began to rise sharply while the traditional financial market fell.

The FxPro Analyst Team