Bitcoin failed to climb above the $9,950 and $10,000 resistance levels against the US Dollar. BTC price is currently plunging and it is now vulnerable to more losses below $9,400.
Bitcoin creator Satoshi Nakamoto might be a bearish ‘ghost’, according to the events that took place on Wednesday. Nakamoto is believed to be the biggest crypto whale. His early involvement with Bitcoin allowed him to mine about 1.1 million BTC, which is worth approximately $10 billion at current exchange rates. The first signs of sell-off appeared from the fears of him dumping his share on exchanges.