The crypto market continued its bearish trend right after the merge ended. Bitcoin prices suffered heavy losses as they breached the psychological price of $20,000. They even breached the support price of $18,500 for a brief while before retracing higher towards the current price $19,000. Now that the support was breached, can we conclude that Bitcoin price reach 10000 $ soon? Let’s analyze in this Bitcoin price prediction article and assess whether the psychological price of $10,000 will be reached or not.
How did Bitcoin Perform in 2022?
The year 2022 was a bad one for the entire cryptocurrency market. Bitcoin specifically lost more than 55% to date. Its prices dropped from the high price of $47,000 to the current price of around $19,000. Some hope was portrayed in the crypto scene right before the merge, as crypto prices started to rise in anticipation of a general increase in the crypto market. However, as prices did not move significantly as anticipated, many traders started to sell their newly opened positions. This led to a heavy liquidation in crypto positions, thus why Bitcoin took a heavy toll.
Will Bitcoin Price Reach $10,000?
It is clear that Bitcoin has a strong support of around $18,500. The current price is hovering around this price area, although it managed to breach it on multiple occasions previously. Bitcoin prices can easily fall towards the psychological price of $10,000, if BTC breached $18,000 as a first step. This would lead to a total collapse in crypto prices, especially since Bitcoin’s dominance currently stands around 40%.
Traders and investors should watch the below prices if they are breached lower, and follow the price action of Bitcoin closely. Once any breach of the below happens, it should trigger the next price:
- PEPE Coin Price to Reach $5 in the Next Seven Days?
- Crypto Bloodbath! Which Crypto is the RISKIEST?
- Bitcoin price is recovering – Will it successfully break the previous ATH?
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- Ethereum might CRASH to $1,000 if THIS Happens!
- Bitcoin price BELOW $20,000 – THIS is where BTC is reaching next
- Bitcoin Price broke MAJOR resistance! Will Bitcoin crash to 10,000 $?
- Another Bitcoin CRASH has just been PROVED! THIS Chart Confirms it
- Bitcoin above 20K AGAIN! Is Bitcoin Price Bullish Today?
- Crypto Winter is COMING: Will Bitcoin drop to 10,000$?
- Will Bitcoin crash to $10,000? The Crypto Market is not Okay…
- Bitcoin Prediction 2022: Crypto Crash is not over, BTC to 10K?
- Don’t Buy Ethereum unless THIS Happens – Merge Hype Dying?
- Can Bitcoin reach $30,000 before 2023? Final Verdict is HERE!
- Bitcoin Price Prediction – THIS is where BTC will reach before 2023!
- Bitcoin Price Prediction – BTC entering a STRONG BUY Zone?
- What’s Happening to Cryptos? BTC, ETH, XRP Price Prediction
- Breaking: Bitcoin Crashes lower than $30,000 – Can Bitcoin recover soon?
- Bitcoin tads USD 19,000! Why this TA should make you feel concerned
- MATIC Price Crash – Why did MATIC prices Collapse?
- BREAKING – Are investors selling Bitcoins in December 2020?
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