Bitcoin Price Unable to Break $11,000 as Uniswap (UNI) Token Surges

September 19, 2020 | By | Reply | 24 Readers More


Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7.

Bitcoin Stopped At $11K

After yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The move began from about $10,900, and in just a few hours, BTC topped at $11,020 (on Binance).

However, the bears intercepted it and drove the asset towards its daily low of $10,800. Following this loss of $200 in a relatively short time, BTC has recovered some ground and currently trades at $10,950.

The psychological $11,000 remains as the most critical resistance in Bitcoin’s way upwards. Should the cryptocurrency break above it decisively, it could head towards the next ones at $11,200, $11,340, $11,500, and $11,760.

In case…

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