Down 10%

Last week's Bitcoin bounce is starting to fade. It looks like the close today will be below the 100-day moving average and it's been a long time since that happened.

Now I don't know how real this is but since crypto trading is all psychological at the moment it doesn't really matter; there are lots of people watching for Tether printing/issuance. If they roll out another $100m, that's probably when another bounce will take place.

In the meantime, $10,000 is support followed by last week's low of $9185. If both lose levels go, it's going to be a rough day ahead in crypto-land.