Bitcoin Price Back Above $11,000 as Dip ‘Consistent’ With Parabolic Bull Run

Posted by William Suberg

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Bitcoin (BTC) corrected as low as $10,380 before rebounding above $11,000 on June 27 as commentators remain highly bullish about the market’s potential. Data from Coin360 showed the bitcoin price dipping down from recent highs of $13,800 in a pullback many had anticipated.

BTC/USD gained rapidly throughout this week and last, adding thousands of dollars over several days before resistance at $14,000 finally checked the speed of the growth.

Estimates had said the pair could go as high as $16,000 before reversing, with Cointelegraph reporting on Thursday that breaking the $13,800 barrier could now prove significant….CLICK for complete article