Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support.
After dropping 4.89% to confirm $11.4K as support, Bitcoin price is slowly making its way back toward $11.8K.
Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909
The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next corona-virus stimulus package has worried some investors
Despite the pullback to the $11.4K support, Bitcoin price remains in an uptrend
Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909.
The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the red but by the end of the day Dow and S&P 500 closed with a 0.7% and 0.17% gain.
Meanwhile NASDAQ continued to trek higher, closing the day with a 1.66% gain.
While stocks continue to move higher each week, today’s collapse of talks between U.S. lawmakers attempting to negotiate the next phase of corona-virus economic stimulus could weigh on investor confidence and cause markets to open in the red next week.
>"After dropping 4.89% to confirm $11.4K as support, Bitcoin price is slowly making its way back toward $11.8K"