Bitcoin Drops After Rejection Near $10,600

Updated by Gerelyn Terzo
In Brief
  • The Bitcoin price has shown short-term weakness.
  • There is support and resistance at $10,000 and $10,500.
  • The price is likely in wave 4 of a bearish five wave formation.
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Despite the fact that the price has been moving upwards since Sept. 8, the bitcoin price has shown considerable weakness. It is possible that the price has begun the final wave down that could take it to $9,700. Short-Term Weakness The Bitcoin price has been increasing since reaching a low of $9,825 on Sept. 8. Even though the price has reached a high of $10,545, it has created long
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