Can BTC break the $11500 resistance?
While everyone starts to talk about a bullish market, it seems like not many people realised that there's a very important resistance at $11500.
This resistance is a clear one and it's defined by the crossing of two elements:
- The blue resistance line | it's the visual connection of the peaks BTC had since December.
- The yellow dashed support line
If this important resistance is broken, the real bullish market can start again; if not, we are still quite into the bearish market and BTC price might fall down to $6250, where it will meet a long-term support (red line); or even $3200, as shown in the grey candles prediction.
We'll be able to see how it goes in the next 24h!
This resistance is a clear one and it's defined by the crossing of two elements:
- The blue resistance line | it's the visual connection of the peaks BTC had since December.
- The yellow dashed support line
If this important resistance is broken, the real bullish market can start again; if not, we are still quite into the bearish market and BTC price might fall down to $6250, where it will meet a long-term support (red line); or even $3200, as shown in the grey candles prediction.
We'll be able to see how it goes in the next 24h!
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