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.
Bitcoin is facing considerable resistance and support at $10,500 and $9,400, respectively.
Technical indicators are indecisive, the daily RSI has formed bearish divergence while daily moving averages have made a golden cross.
A crucial resistance level is found near $10,100, the 0.765 Fib level and possible Wyckoff distribution resistance.