This Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000

[Jentot]

This Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000

Bitcoin’s price has entered a consolidation phase as it trades between $10,600 and $10,800 The cryptocurrency’s strong uptrend in recent days stalled as soon as it approached $11,000, as the selling pressure at this level has proven to be quite significant Analysts are now conflicted on where it may trend next, as it all depends on whether $11,000 proves to be a surmountable level One...

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