Pro traders unfazed by Bitcoin price stalling at $12,400, data shows
Another week, another unsuccessful attempt at meaningfully cracking $12,000. Bitcoin suffered an 8.6% drop to as low as $11,370 after a stubborn rejection at $12,400. Now, technical analysts are cautiously anticipating a consolidation phase in the short-term.
Cointelegraph analyst Michal van de Poppe says dropping below $11,500 again could lead to a bearish divergence for the worlds biggest cryptocurrency. Heres the problem: Clouds are beginning to darken over the stock market, and this could affect BTC
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