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Bitcoin Plunges to $9500 Sparking Fears of Greater Bearish Reversal

Bitcoin Plunges to $9,500 Sparking Fears of Greater Bearish Reversal

It appears that bears don’t want to let bulls have their time in the limelight. After rallying as high as $10,300 on Wednesday morning, the price of Bitcoin began to falter. Following a clear rejection of $10,300 – a price level that analysts said would mark decisive resistance – the cryptocurrency tanked below $10,000, then $9,700, then $9,500, falling as low as $9,250 on some exchanges.







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