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Bitcoin price charts hint $11K will likely cause trouble for BTC bulls

From cointelegraph.com

While Bitcoin (BTC) has been showing weakness in recent weeks as BTC price dropped from $12,000 to $10,000, some light at the end of the tunnel is showing up. The price of Bitcoin showed support at the psychological barrier of $10,000 and bounced numerous times as it’s already close to $11,000. Most importantly, can Bitcoin break through this crucial area and continue its bullish momentum? The price of Bitcoin couldn’t hold above $11,100 at the beginning of September and dropped south, causing the crypto markets to tumble down with it. Given the fast-paced breakout above $10,000 in July, a large gap was created ... (full story)

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  • Category: Technical Analysis