Here are the Crucial Levels Bitcoin Needs to Defend to Push Higher

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It has been a rocky past few weeks for Bitcoin, with the benchmark digital asset mainly stuck within the upper-$11,000 region over the past few days Analysts are now noting that it may be well-positioned to see some further turbulence in the near-term, as it is currently trading above multiple key levels Despite showing some signs of weakness, it is important to note that bulls have been able to hold it above its crucial cloud formation This is leading one analyst to remain somewhat confident about the crypto’s near-term outlook, noting that it remains bullish as long as it holds above the cloud Bitcoin is currently consolidating within the upper-$11,000 region. This is around where it has been for the past few weeks – with all breakouts proving to be fleeting. It is important to note that this consolidation has done little to offer investors with insight into its near-term…

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