One golden Bitcoin coin in flames with gray backgounrd.. gettyThis week, bitcoin experienced the worst one-week decline since May. Price appeared on track to hold above $12,000 after it broke that level earlier in the week. trdr.ioThe warning signals were ultimately validated when an influx of selling pressure entered the market early this week. Commodity Strategist at Bloomberg, Mike McGlone, states that “like Gold at $1,900, $10,000 is a good initial retracement support level. Unless the stock market plunges further, $10,000 bitcoin support should hold.

Source: Forbes September 05, 2020 14:37 UTC