Imploding Trump Pelosi COVID-19 deal leads to 3% Bitcoin price drop

The price of Bitcoin (BTC) dropped 3% in less than three hours as the U.S. stock market plummeted. Following the pullback, most traders are neutral or slightly bearish on the short-term trend of BTC.

Traders and on-chain analysts are now pinpointing $12,500 and $11,973 as the two levels to watch for the continuation of the Bitcoin rally.

BTC/USD. Source: TradingView.com

Why $12.5K and $11.9K are crucial for the current Bitcoin rally

The Bitcoin price dropped sharply on the day due to the…


Source link

About bitcoin

Check Also

Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during …

Leave a Reply

Your email address will not be published. Required fields are marked *