Can Bitcoin Break Past $10,000 Once Again?

Share Article
In Brief
  • 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.

  • promo

    Deposit and make your first trade for up to $3,000 in rewards Get Started Now!

The Trust Project is an international consortium of news organizations building standards of transparency.
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
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Make your first deposit and trade now to earn up to $3,000 in rewards!      

Join

UUEX airdrop: Sign up to get 50 USDT, you can Withdraw to Wallet

Sign up

Poloniex.com - Earn up to 30% staking rewards anytime with our mobile app

Install now