Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000.
Market visualization. Source: Coin360
Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an hour of trading. At press time the world’s most popular cryptocurrency is trading at $10,350, down 2.12% on the day.
Bitcoin’s 24-hour price chart
Bitcoin’s 24-hour price chart. Source: Coin360
The upward momentum seen in the 12% seven-day gains excited analysts, however, bullish sentiments could be short-lived now that Bitcoin has yet again failed to break the $11,000 mark.
Cointelegraph reported earlier that Filb Filb, a popular Bitcoin trader, had pointed to the launch of institutional trading platform Bakkt later in September as a deciding moment for Bitcoin. “Bitcoin continues to consolidate above $10k,” he stated, adding: