Bitcoin Plunges Below $10,000 as Selling Pressure Mounts: $75m Liquidated

Bitcoin has continued to plunge after holding above $11,000 on Wednesday. The leading cryptocurrency now trades for $10,100 as of this article’s writing, having slipped briefly below $10,000 just minutes ago. Millions worth of positions has been liquidated as the leading cryptocurrency has slid lower. Bitcoin Just Printed a Sub-$10,000 Price Bitcoin just slipped below $10,000. The leading cryptocurrency only was under that pivotal price point for a moment, but it was something noticed by many traders on Twitter. This strong leg lower liquidated $75 million worth of long positions on BitMEX alone. This added to the $100 million worth of liquidations that took place earlier today. Investors are currently in disbelief, attempting to argue that the asset remains above pivotal support levels. The most important level traders are currently eyeing is the $9,500-9,600 range, where BTC struggled to break past during June and July. Long-Term Outlook Still Bullish BTC’s…

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