Bitcoin testing $11,000 again, breakout or rejection? Twitter weighs in
Bitcoin is testing on the $11,000 price range for the third time since the breakout above $10,000 a few days ago. Will this one stick? Or will we see more downside/sideways action? Twitter analysts have weighed in on this current action.
BTC/USD Chart provided by Tradingview
Many traders are out doing their due dilligence in analyzing the current price range, pointing out that a break of $11.4K is the resistance to watch:
Others are pointing out that it is looking like we may be about to get stopped out again just above $11,000:
Some however are pointing out that recent "head and shoulder" patterns have all ended bullish for the price, and if this one breaks down it would be a surprise:
Still others have pointed out that CNBC have been bullish on Bitcoin today, a sign that often means immintent downturn:
At the time of this writing, Bitcoin is hovering just over $11,000 as a market average, with reporting $11,008.59. Can the price hold here this time, and push to resistance at $11.4K?
Source Article :- 

Previous Post Next Post