Classic Trendline Breakout Sets Bitcoin for $10K Retest, Traders Say

Cointelegraph

Published May 16, 2020 04:05PM ET

Updated May 17, 2020 06:00PM ET

The price of Bitcoin (BTC) dropped to as low as $9,100 on May 15 following a strong rejection at $9,900. In the short-term, traders still anticipate another upsurge to the $10,000 area, or at least to the $9,800 resistance level.

Crypto market daily price chart. Source: Coin360

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