Bitcoin price (BTC/USD) drops below $11,000 on Friday morning
Industry website Coindesk yesterday noted in a technical analysis that the coin could still see price drops despite its rebound in the preceding session. The online publication said that only a move above $12,448 would allow the outlook to turn bullish.
“Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours,” the website said yesterday.
In today’s trading, the Bitcoin price stood at $10,969.78, as of 09:46 BST. The digital coin has lost 6.4% of its value in the past 24 hours. The coin’s total market capitalisation currently stands at $195.2 billion, which represents 62.1% of the combined value of all digital currencies.
Featured image: chanchai howharn / Shutterstock.com
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The post Bitcoin price (BTC/USD) drops below $11,000 on Friday morning appeared first on The Independent Republic.
source: https://theindependentrepublic.com/bitcoin-price-btc-usd-drops-below-11000-on-friday-morning/
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