Further Correction of Bitcoin’s Price is Most Likely on the Way
The price of Bitcoin has been testing at $10,000 support many times during the weekend. Bitcoin faces the new resistance level at $10,500 and tries to find strong support around $10,000. However, a further correction of Bitcoin’s price is expected to occur shortly. Bitcoin had been rejected multiple times when the price reached $12,000, the bullish sentiment has been weakened over time. Furthermore, the economic data shows that the US economy recovered gradually from the worst time even though it is slow. Last but not least, Bitcoin’s boring price movement during the past month would drip out the investors out of the markets.
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