Bitcoin Price Pull-Back has Limited Downside

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Today’s Bitcoin price (BTC) pull-back has limited downside potential considering its improving technical and fundamentals aspects. Bitcoin trades below the $9000 mark today after peaking around a one-month high of $9700 early in Yesterday’s trade. Bears have successfully hindered the bull-run amid support from short-sellers and the unenthusiastic environment in stock markets.

The entire cryptocurrency market remains unstable over the last 36 hours. Altcoins fell at a faster pace than bitcoin. Ripple (XRP), Ethereum (ETH) and Bitcoin Cash (BCH) plunged at a double-digit rate yesterday, and they are making sideways moves today.

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