Recently, there was a minor upside correction in bitcoin price above USD 11,400. However, BTC/USD struggled to continue above the USD 11,500 resistance. The current price action indicates a negative bias and it seems like BTC might continue to weaken in the near term. Similarly, there were bearish moves in most major altcoins, including ethereum, ripple, EOS, bitcoin cash, litecoin and cardano.Recently, there was a minor upside correction in bitcoin price above USD 11,400. However, BTC/USD struggled to continue above the USD 11,500 resistance. The current price action indicates a negative bias and it seems like BTC might continue to weaken in the near term. Similarly, there were bearish moves in most major altcoins, including ethereum, ripple, EOS, bitcoin cash, litecoin and cardano.
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