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Bitcoin trips stops above 11,100 in weekend trading

20 Sep, 2020

It was noted here on Friday, that the scene was set for Bitcoin to trade lower over the weekend. Well, initially that did not happen. In fact, the price went in the opposite direction, when rising above 11,100 on Saturday. The move, to as high as 11,185 was surely all about stops being tripped above that 11,100 level, particularly as it did not sustain those gains and dribbled back below 11,000 again on Sunday. The low traded so far today has been set close to 10,760, but the price is rebounding again ahead of the Asian opening this evening. The price action since last week is still rather inconclusive and the next directional move this week will not be easy to predict. Bitcoin is just not trading at 10,875

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