The rate of the first cryptocurrency fell below $10,600. Analysts explained in which case a trend change would occur, and warned how low the value of the main digital coin could fall
On Wednesday, October 7, the average bitcoin rate fell by 1.3% to $10,600. A few hours ago, the price of the coin plummeted from $10,700 to $10,540, after which it partially recovered. The cryptocurrency began to fall in price after yesterday was unable to overcome the $10,800 mark.
According to him, in order to start afresh upward movement of the cryptocurrency, it is necessary to overcome the resistance of $10,650 and $10,680. The next key mark will be $10,800, after which the bulls will aim at breaking through the zone of $10,950.
FXStreet analyst John Isige added that Bitcoin is currently under selling pressure. There is a risk of a fall in the value of the cryptocurrency to $10,000, which will slow down at the support level of $ 10,200. The expert believes that a decline in the rate of the main digital coin is likely in the near future. He stressed that the most reliable support area for an asset is between $9327 and $9655.
