Bitcoin Shatters Key Resistance as Bulls Attempt to Take Out “Pivotal Level”

Josh Rager 980x465

Bitcoin saw a strong upsurge this morning that allowed it to break above its $11,600 resistance level This resistance has been suppressing its price action throughout the past few days and weeks, with bulls being unable to spark any sustainable moves above it Where it trends next will likely depend on how sustainable this ongoing move higher is, and whether or not it can lead it to a key resistance One trader is now watching for a test of $11,900. He notes that this is a pivotal level that, if broken, could spark a massive uptrend Bitcoin and the entire crypto market have been caught in the throes of a consolidation phase throughout the past few weeks. This is rapidly coming to an end, however, as bulls are now attempting to gain control of its near-term price action. Earlier this morning, BTC saw a sudden bout of buying pressure that…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE