For the past 48 hours, Bitcoin is consolidating above $11,000 support after a sudden crash. On Sunday, August 2, buyers pushed BTC above $12,000 high.
The king coin encountered a bearish reaction after reaching a high of $12,097. The crypto plunged to a $10,548 low. Immediately, BTC pulled back above $11,000. Buyers are making another attempt to push prices to the previous highs. BTC is being repelled at the $11,400 high as the coin resumed a sideways move below the recent high.
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