*Selling pressure weighed in on BTC price as it plummeted from $10,000 highs on Saturday to $8,106.70 intraday lows on Sunday
*BTC/USD trades 10.23 percent lower on the day at the time of writing, stabilizing at $8,690.68
*Similar market changes occurred in July 2016, when BTC initially plummeted by 11 percent two days before the actual second halving.
BTC/USD Daily Chart
Other regions of support to take into account furthermore include $8,200, and around the MA 50 and $7,500. The spike to levels beyond $10,000 appears to have been a great catalyst for a pull, as the volume stayed technically unsustainable. Many levels of importance to Bitcoin, aside from the aforementioned support, comprise $7,300, 38.2 percent, $6,700, and $5,900 levels.
BTC/USD 4-Hour Chart
The BTC/USD pair may only be bullish when trading beyond the level of $9,200; the main resistance is seen at the levels of $9,500 and $10,000. When the BTC/USD pair moves beneath $8,500, then sellers may test the support levels of $8,200 and $8,000. Irrespective of the consensus, it is probable that the halving may hold price instead of shift, whatever way the market swings.
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