Bitcoin Drops After Rejection Near $10,600

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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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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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