3 reasons Bitcoin price got rejected at $11,500 — and what comes next

The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct. 14 and Oct. 15. Within two hours, it fell to $11,280, recording a 2.3% drop. After the fall, analysts are expecting another minor pullback in the near term.

Three factors likely caused the rejection to occur include a sell-off on BitMEX, a major resistance level and the stock market pullback.

Bitcoin dropped as soon as the Dow Jones slumped

On Oct. 14, the Dow Jones Industrial Average (DJIA) dropped by…


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