Bitcoin Looks Ready for a Bounce After a Tumultuous Tuesday

Updated by Kyle Baird
In Brief
  • The Bitcoin price is following an ascending support line.
  • BTC has found minor support above $9,400, while the closest resistance area is found between $9,700-$9,800.
  • The primary resistance area is found at $10,500.
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On June 2, the Bitcoin price was subject to a rapid decrease that caused it to drop by roughly $600 inside of an hour. At the time of press, BTC was trading at $9,500, slightly above a minor support area. Bitcoin Bearish Engulfing Candlestick Yesterday, the Bitcoin price was strongly rejected by the $10,500 resistance area and created a bearish engulfing candlestick. This caused it to
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