Bitcoin Price Dips Below $9,200 After Rejection by $9,500 Resistance
William Suberg's original article for cointelegraph.com reduced by 48%
Bitcoin dropped below $9,200 on Nov. 3 after a fresh attempt to crack resistance above $9,500 ended in rejection. Bitcoin stays in low $9K corridorData from Coin360 showed BTC/USD continuing its ranging behavior with $9,000 as support on Sunday.
After languishing near the bottom of its range, Bitcoin managed a run-up to $9,380 during Saturday before abandoning its position and heading downwards once more. A return to five figures remains something of a holy grail for Bitcoiners under the current climate, with heavy resistance currently hindering progress. As Cointelegraph noted, the previous two halvings both had a highly positive impact on Bitcoin in the months which followed.
Altcoins drift amid lack of momentumAltcoin markets saw mixed fortunes as the weekend progressed. Some other tokens dipped more, with Tron and EOS both losing 2.5%.The overall cryptocurrency market cap remained broadly stable at $246 billion, with Bitcoin's share at 67.4%.Keep track of top crypto markets in real time here.
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