Bitcoin Plummets To $11,600 As Bull Case Weakens; Factors & Trends

Bitcoin and the aggregated crypto markets incurred a significant influx of buying pressure earlier this morning that ultimately resulted in yet another swift rejection that sent the markets reeling lower.
This rejection and the subsequent drop have weakened the bullish scenario that many analysts believed BTC was facing, and some analysts are now noting that a much larger drop could occur if Bitcoin closes the day below its resistance levels.
Bitcoin Plummets Towards $11,600 as Bears Roar