On August 11, the value of Bitcoin recovered by over 6 % from a plunge to $11,200, and the digital forex seems to be amassing more traction for a third run to the $12k hurdle level. Over the previous two days, because the USD Index surged, the value of gold additionally plunged by over 3.5 percent. Over the past couple of days, the worth motion of the world’s most dominant digital foreign money has been positive. Bitcoin News Today - The price motion of Bitcoin has been spectacular over the past few days. Bitcoin News Today - The price of Bitcoin is regularly consolidating into a tighter range as traders are preparing for a 3rd attempt to interrupt over the $12,000 mark. "A retest of the $12,000 degree is in sight as the formation of a bull flag crystallizes. There can also be a formation of a key bearish trendline with a hurdle close to $11,650 on the hourly chart of the BTC/USD trading pair. There can be a formation of a significant bullish trendline with support close to $11,500 on the 4-hour cost of the BTC/USD buying and selling pair.