Bitcoin rate fell by $ 300 after a failed attempt to storm the $ 10,500 level
Posted On March 23, 2021
🚨DON’T SELL YOUR BITCOIN UNLESS THIS EXACT SCENARIO PLAYS OUT!!!!!!!
Bitcoin price fell by $ 300 after two failed attempts by bulls to break through the resistance level around $ 10,500.
Throughout the day, the MTC rate gradually increased, but at an attempt to storm the nearest resistance level, the price in just an hour fell from $ 10,500 to $ 10,100. A few hours later, the bulls made another attempt to restore the lost positions and go through the intended milestone, but again failed.
Further correction softened the fall a little and over the past 24 hours the losses are about 1%. At the time of publication, bitcoin is trading at $ 10 290.
Although the general trend is still upward, after the unsuccessful assault, the interest of buyers has temporarily decreased. Bears can take advantage of this, so a fall to the $ 9 level is possible. 900- $ 10 000.
If the bulls can keep the situation under control, then the next assault will take place soon $ 10 500. In case of breaking the support around $ 9 900, next frontier will become the level of $ 9700.
Volatility may increase because with an increase in the capitalization of the crypto market up to $ 300 billion, Bitcoin dominance decreased by 6.5%.
text: Ivan Malichenko, photo: Shutterstock, chart: TradingView