Bitcoin Balks at $10,000

Bitcoin continued it meteoric rise of the last couple of days and looked as if it may reach the $10,000 milestone. Just as it approached the monumental figure, there was a sell off, as some investors decided to take profits. This saw the price fall sharply from $9,732 to $9392, as can be seen in the chart above. The possibility of this scenario playing out was something I mentioned in yesterday's post.

Bitcoin, however, wasn't done with yet and quickly bounced back to the $9,700 mark. At the time of writing, it is still within striking distance of 10k. One more push to the upside should get the job done.

For now, we'll have to wait. Tomorrow, or later today, we may well celebrate.

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