• The Bitcoin price has found resistance between $9,650-$9,800, an important Fib level.
  • The price has possibly completed an A-B-C correction.
  • A breakdown below the parabolic ascending support line would confirm that the correction is complete.
The Bitcoin price reached a high of $9,939 on May 14. According to the Elliott wave theory, it is possible that this was the local top and a corrective period will soon begin. May 14 has been a very volatile day for the Bitcoin price. Beginning at $9,300, the price began a rapid upward move that eventually led to the high of $9,939. What followed was a massive one minute candle that took
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Valdrin Tahiri

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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