The Bitcoin price has created a new lower-high.
The price broke down from a short-term ascending support line and there is minor resistance at $9,600.
Bitcoin has possibly begun the 'C' wave of an A-B-C formation.
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The Bitcoin price has broken down from an important support area and is in the process of validating it as resistance. If the price gets rejected, it could signal the beginning of a corrective period.
The Bitcoin price had an eventful day with considerable volatility on May 14. The price reached a high of $9,939, dropped to $9,511 in one of the biggest one-minute candlesticks in recent