Bitcoin price collapsed below $ 10,000 in minutes

On the evening of February 15, Bitcoin fell from $10,161 to $9,889 in seven minutes (according to CoinGecko). After the rebound the priceThe first cryptocurrency returned to a level of about $ 9900, moving to sideways movement.

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According to trader and analyst Jacob Canfield,Bitcoin broke through the lower border of the rising wedge and now it has become a resistance level. Further conclusions can be made after the close of the week, he added.

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What caused such a sharp price movement of the first cryptocurrency is currently unknown.

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Earlier, CoinDesk Markets analysts warned that if the price drops, the next level of support will be $ 9586. When it is broken, Bitcoin will rush to $ 9188.