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Bitcoin dips below 10K but gave a new signal for increase

The world’s most widely traded cryptocurrency dropped to a low of about $9,676 on Tuesday, a roughly $3,800 drop from its highs on Wednesday.

Other large coins also fell on Tuesday, with Monero and Decred tumbling at least 6.5%.

Still, Bitcoin has had a stellar turnaround this year, soaring about 200% in 2019.

Currently, the volatile cryptocurrency recovers giving Price Action for increase.

The comeback this year was largely attributed to more interest in the space following Facebook’s announcement of a cryptocurrency project, a breakout from key technical levels and some hedging amid trade wars.

Facebook is expected to launch its cryptocurrency called “Libra” in 2020. It will be run by Stripe, Uber, Mastercard, Visa, PayPal, Spotify and others.


 Trader Georgi Bozhidarov


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