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Bitcoin Fails To Reclaim A Stable $12K, Bearish Speculations Emerge

Lily Yang

Summary: Bitcoin price dropped to $11,650 in recent days after breaking through the resistance level of $12,000. According to TradingView charts, Bitcoin attempted to breakout above $12,000 but failed to turn the price into a new support level, indicating former price rallies may be tapping the liquidity and stop/losses of short positions. Bearish speculations emerge as ...

Bitcoin price dropped to $11,650 in recent days after breaking through the resistance level of $12,000.

According to TradingView charts, Bitcoin attempted to breakout above $12,000 but failed to turn the price into a new support level, indicating former price rallies may be tapping the liquidity and stop/losses of short positions.

Bearish speculations emerge as investors and traders start to watch for more downsides.

By Lily Yang

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Link: Bitcoin Fails To Reclaim A Stable $12K, Bearish Speculations Emerge   [Copy]
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