|

Bitcoin rollercoaster ride shoves it under $10,000: Reversal is likely

  • Bitcoin price swings cause confusion on the market.
  • BTC/USD could close the day in gains as technical levels turn positive post declines.

Bitcoin has embarked on a gain-trimming exercise. The highly volatile market is making it hard for Bitcoin bulls to sustain the price above key support. In fact, they are stuck in a trend where they are making one step forward and two backward.

As discussed earlier today, Bitcoin reversed the trend stepping above $10,000. The prediction that Bitcoin could extend the movement to $11,000 failed to occur. Instead, the sellers’ filed day continued with Bitcoin plunging right back under $10,000.

Moreover, this time BTC/USD did not stop at $9,700 support but explored the lows around $9,650. The flash drop did not stay down for long as the market has begun moving up again as I write this article. Bitcoin is seen trading above $10,184 again, although the upside is limited at the 100 Simple Moving Average (SMA) 1-h.

Key indicators are bullish at press time. This means that upward correction is imminent. As the Moving Average Convergence Divergence (MACD) crosses above the mean line, we could see a break above $10,200.

BTC/USD 1-h chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead.

Polkadot's (DOT) dips, with token underperforming wider crypto markets

DOT $1.8269 fell 2% to $1.84 over the last 24 hours. Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research's technical analysis model.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.