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Bitcoin Is Hovering Around A Crucial Price Level, How It Reacts Could Determine Its Future
Summary: After Bitcoin pushed up above $12,200 only to almost immediately drop by $1,500 on Saturday, August 1 solidifying $12,000 and $11,500 as two critical levels for Bitcoin, as reported by Bitcoinist. One commenter argued in a tweet that $11,500 is currently the most critical level for Bitcoin. He emphasized that historically Bitcoin has almost always ...
After Bitcoin pushed up above $12,200 only to almost immediately drop by $1,500 on Saturday, August 1 solidifying $12,000 and $11,500 as two critical levels for Bitcoin, as reported by Bitcoinist.
One commenter argued in a tweet that $11,500 is currently the most critical level for Bitcoin. He emphasized that historically Bitcoin has almost always had volatile reactions to $11,500.
Vinny Lingham, the chief executive of crypto startup Civic, has also tweeted on the importance of this level for Bitcoin's price. If Bitcoin is able to secure a position above $11,500 it could lead to a bull run, but if not the currency may be in for a correction.
By Emily Mason
Tags: Bitcoin,Bitcoin Price Levels
Link: Bitcoin Is Hovering Around A Crucial Price Level, How It Reacts Could Determine Its Future [Copy]
