Bitcoin (BTC) price forecast for May 10th

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1 Min Read

According to Coinmarketcap, most coins are in the green zone at the beginning of the weekend.

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BTC/USD

Bitcoin (BTC) prices have hardly changed since yesterday.

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On the hourly chart, BTC rates are far from important levels. The volume remains low. This means that sharp movements are unlikely to happen by tomorrow.

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In a larger time frame, the focus should be on bar closures with regard to a $104,159 resistance. If it occurs far from that mark, the Bears could seize the initiative, which could drop to the $102,000 mark.

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From a medium term perspective, the photographs are against it.

If the candle is closed near the peak and there is no long wick, growth can last in the $106,000-108,000 range.

Bitcoin is trading at $103,546 at press time.

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