Bitcoin prices fell below $ 10,000 on Thursday. Coinmarketcap's pricing data show Bitcoin losing around $ 400 in three hours to reach $ 9658, recovering slightly to trade around $ 9900 at the time of publication.

<img alt=" Bitcoin Chart "src =" http://cointelegraph.com/storage/uploads/view/295294e901b6d9edb70bb19b5c44e599.png "title =" Bitcoin Graphic "/>

Image Source: Coinmarketcap

Behavior continues what has become a model for BTC / USD over the past month, with rises to $ 12,000 encountering resistance before diving under $ 10,000, then repeating the cycle

As Cointelegraph reports previously, several analysts warned that decisive event for traders

The one d & # 39; Among them, Tone Vays, also recommended caution this week when Bitcoin closed above its 50-day moving average price for the first time since January.

[19459004HowBloombergcomceededtheeventasbeingthetechnicalhallmarkofBitcoinrestaurants "att Vays said that there was still a chance that prices would fall sharply to stay below the 50-day average. continued to decline.

Separate news that prices may have been significantly impacted since the historic highs in December 2017 due to the Mount. Gox Bitcoin sales continue to surface this week

Meanwhile, other standard behaviors were broken, altcoin sees mixed reactions to the downtrend of Bitcoin

] (Ethereum Classic), some fell less than the BTC against the dollar (Ethereum, Ripple) while others recorded larger losses (Dash, Cardano, Monero).

<img alt=" COIN360 "src =" http: // cointelegraph .com / storage / uploads / view / 24294d49b131d663a4f064af2a3132ff.png "title =" COIN360 "/> Source of the image: coin360.io