Bitcoin Could Explode Up to $11,400 if Bulls Break One Key Level

Michael 980x483

Bitcoin and the entire cryptocurrency market are pushing higher today, which may be coming about to do strength in the stock market This latest move marks an upwards break of the consolidation phase seen as of late, but it is important to note that it has not led BTC past any key technical levels That being said, a move past the resistance in the lower-$11,000 region could be imminent in the near-term One trader is pointing towards the price region between $11,200 and $11,400, explaining that a visit to this level could be imminent He also notes that a reversal around BTC’s current price could lead it as low as $9,500 Bitcoin has been consolidating over the past few days and weeks, struggling to gain any momentum as the entire market’s uptrend stalls. This lack of momentum has been jarring for investors and traders alike and has struck a serious…

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