Bitcoin is Facing a Huge Correction As it Dropped More Than 6% in Price

Bitcoin price has dropped by 6% and fallen below the uptrend line in less than two days. There is a great obstacle ahead of the Bitcoin bulls as it may further test the lower support level at $11,000. It is expected Bitcoin is going to move sideways in between $11,000 and $11,400. Since the bullish sentiment has weakened by the price dropped below the uptrend line, the bulls would need to take time to restore their territory.

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