Bitcoin Eyeing $11800 After Intense Drop

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As we saw earlier today, Bitcoin started by declining from $11349 to $11176, roughly 1.76%.

Source: Tradingview Bitstamp

As we can see, Bitcoin did a slight decline, but it got immediately bought back up. The interesting part, is that apparently went down and filled the CME gap, and went after $11600 in the coming hours.

Bitcoin is now hovering around $11550. The interesting part is that its actually blasted through some resistance here, but as the look of it. We might go down soon.

If the above plays out, we could be looking at sub $10k really soon. First I’d believe we’ll go up and hit around 11800, where we will top out, and from there de a steady decline down towards 10k.

As always investing in Bitcoin is highly Volatility, and investing so may pose risk to your funds. Invest with caution.

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