Bitcoin market update: BTC/USD briefly nosedives under $10000

Bitcoin market update: BTC/USD briefly nosedives under $10,000

Bitcoin recovers from the dip below $10,000 but fails to hold above $10,200. The main support around $9,200-$9,400 is bound to be tested as long as BTC stays below the resistance at $10,436. The Asian session on Wednesday has been extremely volatile as Bitcoin extended the bearish price action witnessed in the American session on Tuesday.