3 Reasons Why Bitcoin Price Continues to Reject at $10,000 By Cointelegraph

3 Reasons Why Bitcoin Price Continues to Reject at $10,000

3 Reasons Why Bitcoin Price Continues to Reject at $10,000

Within the last hour (BTC) price rose to $10,180 on BitMEX before quickly reversing to $9,600. The quick rejection means that for the third time in 30 days Bitcoin price has rejected at the $10,000 resistance level.

Three factors that may have contributed to the volatility are: the Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the liquidation of $14 million worth of short contracts, and the continued resilience of the multi-year resistance area from $10,000-$10,500.

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