Bitcoin price is dealing with rising selling pressure following a failed attempt to correct above $10,000. The recent surge that hit levels above $10,500 on most cryptocurrency exchanges fell lacked enough momentum to sustain gains above $10,000. The 50% Fib level as discussed in the price prediction piece earlier today help the bulls avoid a devastating drop to $8,000. Meanwhile, the rejection at $10,000 is still putting pressure on key support areas. Besides, BTC is already trading below trendline support. (full story)