RATE Group | Bitcoin Price Gets Rejected at $10,000 but Uptrend Remains in Place – The Merkle
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Bitcoin Price Gets Rejected at $10,000 but Uptrend Remains in Place – The Merkle

06 May Bitcoin Price Gets Rejected at $10,000 but Uptrend Remains in Place – The Merkle

Posted at 18:06h in Bitcoin News by

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Weekends are usually a bit of an awkward period for cryptocurrency trading. This weekend is no different, as all top cryptocurrencies are down for no apparent reason. It seems the Bitcoin price got rejected heavily at $10,000, although this will not be the last attempt to surpass that level.

The Bitcoin Price run Isn’t Over

It has been a remarkable week for the Bitcoin price, albeit one that won’t end on a high. After a powerful trend which saw the value recover from a dip to just below $9,000, the week-high was just shy of $10,000. A psychological barrier for traders and speculators which will prove difficult to overcome.

As one would have expected, the Bitcoin price did not hit that illustrious five-digit figure. Earlier today, it seemed the uptrend was still in effect, but the momentum has turned against the world’s leading cryptocurrency for some unknown reason. A $400 setback isn’t new in the cryptocurrency world, but it will take a few people by surprise…

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