The prolonged watertoose phase by the BTC has passed is bound to

The prolonged watertoose phase by the BTC has passed is bound to Bollinger bands squeezing in the diary, indicating that a period of high is approaching. A daily candle each nearby below $11,200 or above $12,140 teins the direction of Bitcoin's likely breakout.

Cutting through the air resistance would probably be followed by a spike in purchase orders. Such a peak could give Bitcoin the boost it needs to resume its uptrend. If this happens, BTC could move towards the $13,870 maximum by mid-September. But if sales orders begin to accumulate, the pioneering cryptocurrency could break below the support level of $11,200, turning this area into resistance could cause BTC to drop to the next significant level of support around $10,050.

Due to the ambiguous outlook, the area between the $11,200 support and the $12,140 resistance is a reasonable non-trade area. Regardless of the risks, some of the industry's most prominent figures remain bullish.https://www.criptovenezuela.com