Bitcoin exchange rate fell by $ 300 after a failed attempt to storm the level of $ 10 500

The price of bitcoin fell by $ 300 after two failed attempts by the bulls to break through the resistance level around $ 10,500.

Throughout the day, the BTC rate was gradually rising, but when  trying to storm the nearest resistance level, the price fell from $10,500 to $10,100 in just an hour.A few hours later, the bulls made another attempt to restore the lost positions and pass the intended line, but failed again.

Further correction has slightly softened the fall and in the last 24 hours the losses areAt press time, bitcoin is trading at $10,290 . 

Although the overall trend is still upward, after an unsuccessful assault, buyer interest has temporarily decreased.Bears can take advantage of this, so a fall to the level of $9,900 -$10,000 is not ruled out.

If the bulls are able to keep the situation under control, then another assault on $10,500 will take place soon.In case of a breakout of the support around $9,900 , the next frontier will be the $9700 level.

Volatility may increase, as with the increase in the capitalization of the crypto market to $300 billion, the dominance of bitcoin decreased by 6.5%.

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