Traders discuss what’s next for Bitcoin after abrupt 3% overnight drop

Cointelegraph

Published Sep 29, 2020 07:58AM ET

Updated Sep 29, 2020 09:40AM ET

The price of Bitcoin (BTC) abruptly dropped on Sep. 29 from $10,950 to $10,630 overnight, recording a 3% drop. Following the rejection at $11,000, the sentiment of traders remains mixed.

Some are cautiously optimistic under the premise that BTC reclaims the $10,700 level. Technically, analysts say that the $10.7k area is a critical pivotal price point for Bitcoin in the near term.

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