Bitcoin [BTC] Aiming for $12,000 After Walloping in Declines for 24 Hours

Fed’s chair Jerome Powell’s comments on Libra had a far-reaching impact on Bitcoin price.
Bitcoin has revamped the bullish trend and is pushing for a reversal above $11,000 support.

Bitcoin hit a snag slightly above $13,000 yesterday. The momentum that was believed to be strong enough to push Bitcoin above June highs, turned out to be nothing but a bear trap. It appears that the bears were waiting for a catalyst to acutely revenge following the gains from the lows traded in the first week of July around $9,657.
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