Bitcoin Dragged Down by Other Cryptocurrencies Again?
The price of Bitcoin fell back from $11,150 due to weak transaction volume and short-term outflows over the weekend. The recently optimistic trend of bitcoin seems to be interrupted by other cryptocurrencies drop on Sep. 19. Although the bitcoin’s price rebounds off quickly from the support around at $10,800, the Bitcoin’s bullish sentiment might still be affected (dragged down) by other weak cryptocurrency markets this week. Therefore, we expected it may take some time for re-accumulating the bullish sentiment before it breaks above $11,000 again.
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