Bitcoin Traders Now Eye $6-7Ks After 4 Failed Attempts to Break $10K
Cointelegraph
Published May 22, 2020 03:22AM ET
Updated May 22, 2020 08:00AM ET
Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support.
The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced repeated rejections near the $10K mark, which took the form of higher lows at $9,942, $9,905 and $9,849.
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Written By: Cointelegraph
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