The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct. 14 and Oct. 15. Within two hours, it fell to $11,280, recording a 2.3% drop. After the fall, analysts are expecting another minor pullback in the near term. Three factors likely caused the rejection to occur include a sell-off on BitMEX, a major resistance level and the stock market pullback. Bitcoin dropped as soon as the Dow Jones slumped On Oct. 14, the Dow Jones Industrial Average (DJIA) dropped by 0.58%, after initially seeing a minor...
Full Article3 reasons Bitcoin price got rejected at $11,500 — and what comes next
WorldNews
0 shares
1 views
You might like
Related news coverage
Legendary Investor Predicts $10 Million Bitcoin Price
Rumble
"Now, $250,000 or a million, or $2 million, or even $10 million per Bitcoin are the numbers that are probably going to..
Advertisement
More coverage
3 reasons Bitcoin suddenly dropped 3% in 1 hour and recovered
The Cointelegraph
The price of Bitcoin abruptly dropped over 3% in under an hour after surging to $13,350, but its high time frame log charts remain..