Bitcoin stalls at key $10,000 resistance level, but has significant upside if it can break through

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Technically speaking, bitcoin has stalled at a key resistance level: $10,000. The cryptocurrency had been widely expected to break higher in anticipation of a halving, which occurs every four years and is when crypto miners’ bitcoin payout is cut in half. Despite bitcoin’s recent sell-off, the cryptocurrency could see significant upside if it eventually breaks through the $10,000 price level. Visit the Business Insider homepage for more stories.

Technically speaking, bitcoin has stalled at a key resistance level: $10,000.

The cryptocurrency had been widely expected to break higher in anticipation of a halving, but instead it

Read more    Source: businessinsider.com

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