Another effort by Bitcoin [BTC] bulls to surpass $12,000 gets rejected with a flash drop to lows at $11,500. According to Datamish, the move liquidated $30 million in Bitcoin longs. 

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Nevertheless, the market is witnessing a quick reversal to $11,950 looking to break resistance around $12,000. The trader sentiments are bullish despite the drop. It is further reinforced by $500 million in added supply at Tether.

BTC/USD 1-Hour Chart on Coinbase (TradingView) (The verticle line…

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