Bitcoin price correction continues, dashing hopes of $20K in 2020

Cointelegraph

Published Dec 11, 2020 07:25AM ET

Updated Dec 12, 2020 02:00AM ET

Bitcoin (BTC) continues to be in correction mode with BTC price dropping below $17,600 on Dec. 11, the lowest level since November.

Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago.

BTC/USD 4-hour chart. Source: TradingView
BTC/USD 1-day chart. Source: TradingView
Total market capitalization 1-day chart. Source: TradingView

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