Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

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Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and weeks ahead One trader is setting his sights on a move towards $10,000 Bitcoin and the aggregated crypto market are starting to lose their sense of direction, with both major and minor altcoins all seeing incredibly mixed performance over the past week. This has offered little insight into the cryptocurrency’s mid-term trend, and the strong momentum seen in recent weeks is starting to falter – or so it seems. Analysts are now growing somewhat bearish…

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