Bitcoin’s 7 5% Plunge Open Doorways to $10500 Per Analysts

Bitcoin plunged lower on Wednesday, continuing its correcting downtrend after hitting a near two-week high at $12,086 earlier this week. The benchmark cryptocurrency fell by up to percent to $11,160. Its move downhill extended the net pullback to percent, signifying a renewed selling pressure in the $11,700-$12,000 area. That was the fifth time since August 1 the price rejected $12,000 as its price floor to expand its prevailing bull run. Conversely, the rejections paved the way for BTC/USD to ret