Bitcoin Seems Hard to Keep the Fund from Outflowing to the Stock Markets
Bitcoin dropped 0.75% in price while the three major U.S. indices soared more than 1.5% on average yesterday. Despite the Bitcoin’s price enduring above $10,600 and continuing to move a higher lows pattern as shown in the 4H timeframe, it’s clear to see the investors showing more interest in the stock markets over Bitcoin. However, Bitcoin is still on the bullish track. It would have to take a little bit longer for it to push through the crucial resistance level at $11,000.
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