Bitcoin price (BTC/USD) tumbles on Friday morning

Bitcoin price (BTC/USD) tumbles on Friday morning

In its most recent technical analysis, industry website Coindesk suggested that Bitcoin could soon revisit the $13,000 mark. The online publication argued that the coin’s Wednesday close had ended a six-week correction trend, opening the door for a potential rise to $13,200. However, the coin might still need a weekly close above $12,000 to reaffirm the bullish trend.

“Traders may want to see BTC settle above $12,000 before hitting the market with fresh bids,” the publication wrote, noting that BTC had repeatedly failed to hold onto gains above $12,000 in the last six weeks.

In today’s trading, the Bitcoin price stood at $11,772.52, as of 10:28 BST. The digital currency has lost 0.9% in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $210.3 billion, which represents 69.4% of the combined value of all digital coins.

Featured image: Inked Pixels /

More Resources

The post Bitcoin price (BTC/USD) tumbles on Friday morning appeared first on The Independent Republic.


source: is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network tool!

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

No comments yet, be the first to comment this article