Mind the gap: Bitcoin price charts now hint at drop below $10K

Cointelegraph

Published Sep 03, 2020 01:32PM ET

Updated Sep 03, 2020 04:20PM ET

The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent.

However, the fast pace of the current retrace was not expected by the markets and has surprised a lot of traders. The crucial support zone of $11,100 failed to provide support and led to the current tumble towards the $10,500 region.

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