Bitcoin has moved back up to the $10,000 mark, but the technical recovery will likely be short-lived, according to the technical charts.
Bitcoin is looking increasingly heavy and could test the $10,000 mark in the next 24 hours, the price charts indicate.
Economist Kenneth Rogoff said Tuesday that he expects bitcoin's price will decrease by 2028.
Having failed to scale a major resistance level on Monday, bitcoin fell below the $11,000 mark soon before press time.
The crypto mine launched by Japanese IT firm GMO Internet has generated more than $3 million in revenue over the past three months.
Bitcoin price is flirting with key resistance on the technical charts and a move in either direction could be on the cards.
CoinDesk data shows that the gap between South Korea's bitcoin prices, and those shown by the global market, closed over the course of February.
Bitcoin passed above the $11,000 mark this morning, but low volumes could be capping gains.
Bitcoin is stuck in $10,000 range and could witness a big move in either direction, technical charts indicate.
Having tested $11,000 this morning, bitcoin could close the month on a positive note, chart analysis indicates.