The price of Bitcoin (BTC) fell below $ 9,000 on June 15At the same time that a new week created new sales pressure on macro assets.
Daily summary of the cryptocurrency market. Source: Coin360
The Bitcoin price tests the resistance level of $ 9,000
Cointelegraph Markets and CoinMarketCap data showed this BTC / USD hit the $ 8,000 trading range on Monday for the first time since May 28.
The final bearish step follows the hard week for Bitcoin where markets almost recovered to $ 10,000 before losing $ 800 within a few hours on Thursday.
After a weekend around $ 9,400 The support level dropped once more than the prospects of the week on the stock markets looked bleak.
At the time of printing BTC / USD was trading around USD 9,000 in an attempt to restore support levels.
Bitcoin 1-day price chart. Source: CoinMarketCap
Shares Wiggle Before Predicting “Fall”
The Dow Jones futures alone fell 900 points on SundayAlthough the markets in the United States were still uncertain before the opening.
As Cointelegraph reported Bitcoin has become increasingly resistant to the effects of drastic increases or losses in stocks, a process known as “decoupling”.
However, There are still signs of correlation, and Bitcoin is now at its lowest level in over two weeks.. A warning came last week that traditional markets should have an autumn style correction in the next three weeks.
At the same time, the analysts at Cointelegraph suggested this The $ 10,000 level would evade the market in the short term, and maybe even longer.