- BTC/USD just suffered a major blow crashing below $11,000 and currently trading at $10,770.
- It’s unclear at this point what caused the dump but it’s certainly not good news for the bulls.
This recent dump is hinting at a new weekly higher low compared to $8,833. For now, bulls have been able to defend the weekly 12-EMA at $10,598 and could still bounce back up in the long-term.