Crypto Analyst: Bitcoin Price Drop Below $10,000 Was a Bull Trap

Last week, Bitcoin price fell below $10,000 yet again, and with the break of support, much of the market turned bearish and began calling for lows around $8,000 to be tested. However, before the long Labor Day weekend concluded, Bitcoin price was back well above $10,000, and is already closing in on $11,000 not even 24 hours later.

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Bitcoin (BTC) $ 84,411.62 2.17%
Ethereum (ETH) $ 1,640.38 4.95%
Tether (USDT) $ 0.999859 0.00%
XRP (XRP) $ 2.15 7.04%
BNB (BNB) $ 594.95 1.76%
Solana (SOL) $ 128.45 7.06%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.16496 4.12%
TRON (TRX) $ 0.249686 5.03%
Cardano (ADA) $ 0.654885 5.07%
Bitcoin (BTC) $ 84,411.62 2.17%
Ethereum (ETH) $ 1,640.38 4.95%
Tether (USDT) $ 0.999859 0.00%
XRP (XRP) $ 2.15 7.04%
BNB (BNB) $ 594.95 1.76%
Solana (SOL) $ 128.45 7.06%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.16496 4.12%
TRON (TRX) $ 0.249686 5.03%
Cardano (ADA) $ 0.654885 5.07%