Is 10.5k the Bitcoin resistance point?

If you’re a Bitcoin (BTC) owner, you may have been disappointed to see it fail to stay across the $12,000 mark, and it has dropped to hover between $10,000 and $10,500 during the past week.

As Charles Bovaird says in one of his most recent posts about the Bitcoin price, “In this time, the digital currency has failed to reach $10,500, and while it has fallen below $10,000, it has failed to stay below this level for long.”

So, what does Bovaird make of what is happening, and I should say that I follow his analysis of this market, because it has always proved to offer balanced information.

What Bovaird asks is this: is BTC encountering “significant resistance” at $10,500?

According to those he interviewed, the answer to that is yes. Why is it happening?

In the opinion of Kiana Danial, CEO of Invest Diva, “Bitcoin has found a short-term resistance at $10,500 which has acted as resistance multiple times in the past, including in June 2020, February 2020, and a number of times in 2019.” She also adds, “A break above $10,500 could open doors for further gains towards $11,150, while a break below $10,000 (the lower band of the current range) could lead to a revisit of the lows of back in July at around $9,300.”

John Todaro at TradeBlock is of a similar opinion. “Yes, we are facing resistance at $10,500,” he stated, adding, “$12,000 has proven to be a difficult ceiling to break through.”

Joe DiPasquale, CEO of cryptocurrency hedge fund BitBull, commented, “Bitcoin is consolidating in this range for now with support at $10K and resistance at $10.5K.” 

He also says, that if BTC doesn’t fall beneath $10,000, then we may see a retest of $10.5k. But if it does fall, to say $9,800, then we’re likely to see $9.5k shortly after.

But not all agree that BTC is facing resistance at $10,500. Marouane Garcon, MD of crypto-to-crypto derivatives platform Amulet, said, “I would say that $10,000, which was a level of resistance, is now the support and in this obvious accumulation phase, we’re testing that support level.”

Do you have any thoughts about what might happen to the price of Bitcoin in the next few months, and what events might affect it to raise the price, or cause it to fall?

10 thoughts on “Is 10.5k the Bitcoin resistance point?”

  1. Hello to the Mehranmuslimi Owner,

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    Just a note: the names and email used here, Meri and Grant, are placeholders and not actual contact details. We value transparency and wanted you to be aware. If you’d like to connect with the individual behind this message, please visit our website, and we will direct you to the appropriate person.

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    We are committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

    If you have provided any voluntarily given information, you may review and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may Want to receive fewer emails, or none whatsoever? Update your email preferences.

    Emails related to orders are provided automatically – customers are not able to opt out of these. We will try to address any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our website to view our official policies.

    Our primary goal is to help you with lead generation. These emails are meant to give you advice on that topic, or to promote products that will help you have the kind of business films are written about.

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  3. Hello Mehranmuslimi

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    We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.
    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.
    If you have provided any voluntarily given information, you may review, and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may Want to receive less emails, or none whatsoever? Update your email preferences.

    Emails related to orders are provided automatically – customers are not able to opt out of these. We will try to address any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our site to view our official policies.

    Our primary goal is to help you with lead generation. These emails are intended to give you useful guidance on that topic, or to highlight solutions that will help you achieve success.

    If you’d like to Want to receive less emails, or none whatsoever? Update your email preferences by clicking here.
    https://boltleadgeneration.com/unsubscribe.aspx?d=mehranmuslimi.com

  4. Hello, Mehranmuslimi Owner.

    My name’s Eric and I’m betting you’d like your website Mehranmuslimi to generate more leads.

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    Web Visitors Into Leads offers a complimentary 14-day trial – and it even includes International Long Distance Calling.
    You have customers waiting to talk with you right now… don’t keep them waiting.
    https://resultleadgeneration.com to try Web Visitors Into Leads now.

    We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

    If you have provided any voluntarily given information, you may review and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may Want to receive fewer emails, or none whatsoever? Update your email preferences.

    Emails related to orders are provided automatically – customers are not able to opt out of these. We will try to address any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our website to view our official policies.

    Our primary goal is to help you with lead generation. These emails are meant to give you advice on that topic, or to promote products that will help you have the kind of business films are written about.

    If you’d like to Want to receive fewer emails, or none whatsoever? Update your email preferences by visiting https://resultleadgeneration.com/unsubscribe.aspx?d=mehranmuslimi.com

  5. Hello Mehranmuslimi Owner!

    Eric here with a quick thought about your website Mehranmuslimi…

    I’m on the internet a lot and I look at a lot of business websites.

    Like yours, many of them have great content.

    But all too often, they come up short when it comes to engaging and connecting with anyone who visits.

    I get it – it’s hard. Studies show 7 out of 10 people who land on a site abandon it in moments without leaving even a trace. You got the eyeball, but nothing else.

    Here’s a solution for you…

    LeadConnect is a software widget that works on your site, ready to capture any visitor’s Name, Email address, and Phone Number. You’ll know immediately they’re interested, and you can call them directly to talk with them while they’re literally looking over your site.

    Visit https://boltleadgeneration.com to try out a Live Demo with LeadConnect now to see exactly how it works.

    It could be huge for your business – and because you’ve got that phone number, with our new SMS Text With Lead feature, you can automatically start a text (SMS) conversation immediately… and contacting someone in that 5-minute window is 100 times more powerful than reaching out 30 minutes or more later.

    Plus, with text messaging, you can follow up later with new offers, content links, even just follow-up notes to keep the conversation going.

    Everything I’ve just described is extremely simple to implement, cost-effective, and profitable.

    Visit https://boltleadgeneration.com to discover what LeadConnect can do for your business.

    You could be converting up to 100X more leads today!

    Eric

    PS: LeadConnect offers a complimentary 14-day trial – you could be converting up to 100x more leads immediately!
    It even includes International Long Distance Calling.
    You have customers waiting to talk with you right now… don’t keep them waiting.
    Visit https://boltleadgeneration.com to try LeadConnect now.

    We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

    If you have provided any voluntarily given information, you may review and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may Want to receive fewer emails, or none whatsoever? Update your email preferences.

    Emails related to orders are provided automatically – customers are not able to opt out of these. We will try to address any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our site to view our official policies.

    Our primary goal is to help you with lead generation. These emails are intended to give you useful guidance on that topic, or to highlight solutions that will help you achieve success.

    If you’d like to Want to receive fewer emails, or none whatsoever? Update your email preferences by visiting https://boltleadgeneration.com/unsubscribe.aspx?d=mehranmuslimi.com

  6. Hello Mehranmuslimi Owner,

    My name is Eric and I just came across your website at Mehranmuslimi…

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    By that I mean, when someone like me finds your website – either through Search or just bouncing around – what happens next? Do you get a lot of leads from your site, or at least enough to make you happy?

    Honestly, most business websites fall a bit short when it comes to generating paying customers. Studies show that 70% of a site’s visitors disappear and are gone forever after just a moment.

    Here’s an idea…

    How about making it really EASY for every visitor who shows up to get a personal phone call from you as soon as they hit your site…

    You can –

    Web Visitors Into Leads is a software widget that works on your site, ready to capture any visitor’s Name, Email address, and Phone Number. It signals you as soon as they let you know they’re interested – so that you can talk to that lead while they’re literally looking over your site.

    https://resultleadgeneration.com to try out a Live Demo with Web Visitors Into Leads now to see exactly how it works.

    You’ll be amazed—the difference between contacting someone within 5 minutes versus a half-hour or more later could increase your results 100-fold.

    It gets even better… once you’ve captured their phone number, with our new SMS Text With Lead feature, you can automatically start a text (SMS) conversation.

    That way, even if you don’t close a deal right away, you can follow up with text messages for new offers, content links, even just how you doing? notes to build a relationship.

    Pretty sweet – AND effective.

    https://resultleadgeneration.com to discover what Web Visitors Into Leads can do for your business.

    You could be converting up to 100X more leads today!

    Eric

    PS: Web Visitors Into Leads offers a complimentary 14-day trial – and it even includes International Long Distance Calling.
    You have customers waiting to talk with you right now… don’t keep them waiting.
    https://resultleadgeneration.com to try Web Visitors Into Leads now.

    We are committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

    If you have provided any voluntarily given information, you may review and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may Want to receive fewer emails, or none whatsoever? Update your email preferences.

    Emails related to orders are provided automatically – customers are not able to opt out of these. We will try to address any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our website to view our official policies.

    Our primary goal is to help you with lead generation. These emails are meant to give you advice on that topic, or to promote products that will help you have the kind of business films are written about.

    If you’d like to Want to receive fewer emails, or none whatsoever? Update your email preferences by visiting https://resultleadgeneration.com/unsubscribe.aspx?d=mehranmuslimi.com

  7. Hello Mehranmuslimi Owner

    My name’s Eric and I’m betting you’d like your website Mehranmuslimi to generate more leads.

    Here’s how:

    Web Visitors Into Leads is a software widget that works on your site, ready to capture any visitor’s Name, Email address, and Phone Number. It signals you as soon as they say they’re interested – so that you can talk to that lead while they’re still there at Mehranmuslimi.

    https://resultleadgeneration.com for a live demo now.

    And now that you’ve got their phone number, our new SMS Text With Lead feature enables you to start a text (SMS) conversation – answer questions, provide more info, and close a deal that way.

    If they don’t take you up on your offer then, just follow up with text messages for new offers, content links, even just “how are you doing?” notes to build a relationship.

    https://resultleadgeneration.com to discover what Web Visitors Into Leads can do for your business.

    The difference between contacting someone within 5 minutes versus a half-hour means you could be converting up to 100X more leads today!

    Try Web Visitors Into Leads and get more leads now.

    Eric

    PS: Studies show that 70% of a site’s visitors disappear and are gone forever after just a moment. Don’t keep losing them.
    Web Visitors Into Leads offers a complimentary 14-day trial – and it even includes International Long Distance Calling.
    You have customers waiting to talk with you right now… don’t keep them waiting.
    https://resultleadgeneration.com to try Web Visitors Into Leads now.

    We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

    If you have provided any voluntarily given information, you may review and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the unsubscribe link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our website to view our official policies.

    Our primary goal is to help you with lead generation. These emails are meant to give you advice on that topic, or to promote products that will help you have the kind of business films are written about.

    If you’d like to Want to receive fewer emails, or none whatsoever? Update your email preferences by visiting https://resultleadgeneration.com/unsubscribe.aspx?d=mehranmuslimi.com

  8. Hello Mehranmuslimi Owner!

    Eric here with a quick thought about your website Mehranmuslimi…

    I’m on the internet a lot and I look at a lot of business websites.

    Like yours, many of them have great content.

    But all too often, they come up short when it comes to engaging and connecting with anyone who visits.

    I get it – it’s hard. Studies show 7 out of 10 people who land on a site abandon it in moments without leaving even a trace. You got the eyeball, but nothing else.

    Here’s a solution for you…

    LeadConnect is a software widget that works on your site, ready to capture any visitor’s Name, Email address, and Phone Number. You’ll know immediately they’re interested, and you can call them directly to talk with them while they’re literally checking out Mehranmuslimi.

    https://boltleadgeneration.com to try out a Live Demo with Web Visitors Into Leads now to see exactly how it works.

    It could be a game-changer for your business – and because you’ve got that phone number, with our new SMS Text With Lead feature, you can automatically start a text (SMS) conversation immediately… and contacting someone in that 5-minute window is 100 times more powerful than reaching out 30 minutes or more later.

    Plus, with text messaging, you can follow up later with new offers, content links, even just follow-up notes to keep the conversation going.

    Everything I’ve just described is extremely simple to implement, cost-effective, and profitable.

    https://boltleadgeneration.com to discover what Web Visitors Into Leads can do for your business.

    You could be converting up to 100X more leads today!

    Eric

    PS: Web Visitors Into Leads offers a complimentary 14-day trial – you could be converting up to 100x more leads immediately!
    It even includes International Long Distance Calling.
    You have customers waiting to talk with you right now… don’t keep them waiting.
    https://boltleadgeneration.com to try Web Visitors Into Leads now.

    We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the Website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

    If you have provided any voluntarily given information, you may review and make changes to it via instructions found on the Website. To manage your receipt of marketing and non-transactional communications, you may Want to receive less emails, or none whatsoever? Update your email preferences.

    Emails related to orders are provided automatically – customers are not able to opt out of these. We will try to address any requests related to the management of personal information in a timely manner. However, it may not always be possible to fully remove or modify information in our databases if we have a valid reason to keep it for certain timeframes. If you have any questions, simply see our site to view our official policies.

    Our primary goal is to help you with lead generation. These emails are intended to give you useful guidance on that topic, or to highlight solutions that will help you achieve success.

    If you’d like to Want to receive less emails, or none whatsoever? Update your email preferences by visiting https://boltleadgeneration.com/unsubscribe.aspx?d=mehranmuslimi.com

  9. Hello Mehranmuslimi,

    I’m Eric and I recently discovered your website – Mehranmuslimi – in the search results.

    This is what that signifies to me…

    Your SEO’s working.

    You’re receiving eyeballs – at least mine.

    Your content’s pretty good, would not change a thing.

    BUT…

    Eyeballs do not pay the bills.

    CUSTOMERS do pay the bills.

    And studies indicate that 7 out of 10 visitors to Mehranmuslimi will drop by, have a look, and then leave without doing anything else.

    It’s like they never even were there.

    You can fix this.

    You can make it extremely easy for them to show interest, say, okay, let’s talk without needing them to even pull their phone from their pocket… thanks to Web Visitors Into Leads.

    Web Visitors Into Leads is a software widget that sits on your website, prepared and waiting to capture any visitor’s Name, Email address, and Phone Number. It allows you to know immediately – so you can speak with that lead immediately… before they leave.

    CLICK HERE https://trustedleadgeneration.com to try out a Live Demo with Web Visitors Into Leads now to see precisely how it works and even give it a try… it could be huge for your business.

    You’ll be astonished – the difference between contacting someone within 5 minutes versus a half-hour or more later could boost your results 100-fold.

    It gets even better… once you’ve captured their phone number, with our new SMS Text With Lead feature, you can instantly start a text (SMS) conversation immediately… which is so effective, because connecting with someone within the first 5 minutes is 100 times more efficient than waiting 30 minutes or more later.

    The new text messaging feature lets you follow up frequently with new offers, content links, even just follow-up notes to develop a relationship.

    Pretty sweet – AND effective.

    Goto https://trustedleadgeneration.com to discover what Web Visitors Into Leads can do for your business.

    You could be converting up to 100X more leads today!

    Eric

    PS: Web Visitors Into Leads offers a free 14 days trial!
    It even includes International Long Distance Calling.
    Paying customers are waiting.
    Start connecting today by visiting https://trustedleadgeneration.com to try Web Visitors Into Leads now.

    Just a brief note – the names and email address used here, Eric and Jones, are placeholders and not real contact information. We value transparency and wanted to make sure you are aware. If you wish to communicate with the person behind this message, please visit our site, and we’ll connect you with the correct person.

    ==================================================

    We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies about the collection, use, and disclosure of information we receive from users of our website. We operate the website.

    Our Privacy Policy, along with our Terms & Conditions, governs your use of this site. By using the website, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy.

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