# Bitcoin price news: Will BTC hit $12k this week after overnight sell off

BITCOIN prices hit a rough patch overnight on Wednesday after a mass selloff struck off almost $1,000 from the cryptocurrency’s price tag. But do analysts think bitcoin can rebound back towards $12,000 this week?
By SEBASTIAN KETTLEY
18:22, Wed, Feb 21, 2018 | UPDATED: 18:44

Bitcoin fell by $737 on its midnight opening price as of 5.26pm GMT, according to market tracker CoinMarket
Cryptocurrencies across the board were exchanging hands at marked down prices, and bitcoin was 9.31 percent down on the last 24 hours.

The virtual token struggled to secure certain ground today, but investors were still relieved BTC was up more than 74 percent on its February 6 low.

Daily bitcoin discussion boards meanwhile indicate that BTC owners are holding out on the market correcting itself after plummeting earlier this month.

One member of the online bitcoin community, Chewtoy, said online: “As for me, I'm holding my short indefinitely from $11,700.

“While I'm expecting some serious chop between $10,000 and $11,300 over the course of the next few days, my ultimate personal bias is toward an end to the short-term recovery and a continuation of the medium-term bear trend.”
[source]https://www.express.co.uk/finance/city/922143/bitcoin-price-news-btc-forecast-cryptocurrency-sell-off

PROUDLY NIGERIAN

pls upvote resteem and follow