At noon today, Tuesday (11 February 2020), Bitcoin fell 2.5 percent in 24 hours ($ 9,753), a few days after the Crypto Asset King passed its psychological level $ 10,000
A decline after the level of $ 10,000 is considered reasonable by some analysts.
"The recent rally has also entered overbought territory and is causing a downturn now," said Joe DiPasquale, CEO of BitBull Capital, adding that Bitcoin is trying to build support levels between $ 9,800 and $ 10,000.
Other analysts are of the same opinion. For Kiana Danial, CEO of Invest Diva, Bitcoin has entered a long-term upward trend. However, it's not like 2017.
"This time the increase is more measurable. We predict the decline to the level of $ 9,500 or even $ 9,000, before we see the next strengthening, at $ 11,000, "said Kiana.
Jon Pearlstone from CryptoPatterns is quarterly cash. He said, the strengthening of Bitcoin for a period of two months and being able to surpass $ 10 thousand, was the beginning of the next strengthening.
"There will be an increase that is more than just a psychological level of $ 10,000," said Jon.